CaNickel Announces Intention to Voluntarily Delist from TSX Venture Exchange
CaNickel Mining (TSXV: CML) has announced its intention to voluntarily delist its common shares from the TSX Venture Exchange (TSXV). The decision, approved by the company's board of directors on April 22, 2025, is subject to shareholder approval at the Annual and Special General Meeting on June 11, 2025, and final TSXV approval.
The strategic decision follows a review of the company's financial condition and minimal trading activity on the TSXV. CaNickel aims to reduce corporate overhead costs by eliminating expenses associated with maintaining the TSXV listing. Despite the delisting, the company will maintain its status as a reporting issuer in Canada and continue fulfilling its continuous disclosure obligations under securities laws.
CaNickel Mining (TSXV: CML) ha annunciato l'intenzione di ritirare volontariamente le proprie azioni ordinarie dalla TSX Venture Exchange (TSXV). La decisione, approvata dal consiglio di amministrazione il 22 aprile 2025, è soggetta all'approvazione degli azionisti durante l'Assemblea Annuale e Straordinaria prevista per l'11 giugno 2025, oltre all'approvazione finale della TSXV.
Questa scelta strategica segue una revisione della situazione finanziaria della società e il limitato volume di scambi sulla TSXV. CaNickel punta a ridurre i costi generali aziendali eliminando le spese legate al mantenimento della quotazione sulla TSXV. Nonostante il delisting, la società manterrà lo status di emittente registrata in Canada e continuerà a rispettare gli obblighi di trasparenza previsti dalle normative sui titoli.
CaNickel Mining (TSXV: CML) ha anunciado su intención de retirar voluntariamente sus acciones ordinarias de la Bolsa de Valores TSX Venture (TSXV). La decisión, aprobada por el consejo de administración el 22 de abril de 2025, está sujeta a la aprobación de los accionistas en la Junta General Anual y Extraordinaria del 11 de junio de 2025, así como a la aprobación final de la TSXV.
Esta decisión estratégica se produce tras una revisión de la situación financiera de la empresa y la escasa actividad de negociación en la TSXV. CaNickel busca reducir los costos generales corporativos eliminando los gastos asociados con el mantenimiento de la cotización en la TSXV. A pesar del retiro, la compañía mantendrá su estatus como emisora registrada en Canadá y continuará cumpliendo con sus obligaciones de divulgación continua bajo las leyes de valores.
CaNickel Mining (TSXV: CML)은 TSX 벤처 거래소(TSXV)에서 보통주를 자진 상장폐지할 의사를 발표했습니다. 이 결정은 2025년 4월 22일 이사회에서 승인되었으며, 2025년 6월 11일에 열리는 연례 및 임시 주주총회에서 주주의 승인을 받고 최종 TSXV 승인을 기다리고 있습니다.
이 전략적 결정은 회사의 재무 상태 검토와 TSXV에서의 거래 활동이 미미한 점을 고려한 결과입니다. CaNickel은 TSXV 상장 유지에 따른 비용을 없애 기업의 운영비용을 줄이는 것을 목표로 하고 있습니다. 상장폐지 후에도 회사는 캐나다 내 공시 의무를 지속적으로 이행하며 보고 발행인 지위를 유지할 예정입니다.
CaNickel Mining (TSXV : CML) a annoncé son intention de retirer volontairement ses actions ordinaires de la TSX Venture Exchange (TSXV). Cette décision, approuvée par le conseil d'administration le 22 avril 2025, est soumise à l'approbation des actionnaires lors de l'assemblée générale annuelle et extraordinaire du 11 juin 2025, ainsi qu'à l'approbation finale de la TSXV.
Cette décision stratégique fait suite à un examen de la situation financière de la société et à une activité de négociation minimale sur la TSXV. CaNickel vise à réduire ses frais généraux en supprimant les coûts liés au maintien de la cotation sur la TSXV. Malgré ce retrait, la société conservera son statut d’émetteur assujetti au Canada et continuera à respecter ses obligations de divulgation continue conformément aux lois sur les valeurs mobilières.
CaNickel Mining (TSXV: CML) hat seine Absicht bekannt gegeben, seine Stammaktien freiwillig von der TSX Venture Exchange (TSXV) zu delisten. Die Entscheidung, die vom Vorstand am 22. April 2025 genehmigt wurde, steht unter dem Vorbehalt der Zustimmung der Aktionäre auf der ordentlichen und außerordentlichen Hauptversammlung am 11. Juni 2025 sowie der endgültigen Genehmigung durch die TSXV.
Diese strategische Entscheidung folgt auf eine Überprüfung der finanziellen Lage des Unternehmens und das geringe Handelsvolumen an der TSXV. CaNickel beabsichtigt, die Verwaltungskosten zu senken, indem die mit der TSXV-Notierung verbundenen Ausgaben eliminiert werden. Trotz des Delistings wird das Unternehmen seinen Status als berichtspflichtiger Emittent in Kanada beibehalten und weiterhin seinen fortlaufenden Offenlegungspflichten gemäß den Wertpapiergesetzen nachkommen.
- Expected reduction in corporate overhead costs
- Voluntary delisting from TSXV indicates potential financial constraints
- Minimal trading activity suggests low investor interest
- Additional administrative burden on shareholders for trading shares after delisting
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2025) - CaNickel Mining Limited (TSXV: CML) ("CaNickel" or the "Company") announces that it intends to submit an application to voluntarily delist its common shares (the "Delisting") from the TSX Venture Exchange ("TSXV"). The board of directors of the Company (the "Board") approved the Delisting as of April 22, 2025. The Delisting is conditional upon: (i) shareholder approval at the Company's upcoming Annual and Special General Meeting on June 11, 2025; and (ii) final approval of the TSXV. Additional information regarding the Delisting will be disseminated in due course, including the effective date of the Delisting.
The Board's decision to delist from the TSXV was made after a strategic and careful review of the Company's financial condition along with minimal trading activity on the TSXV. The Company believes that the expense and administrative requirements associated with maintaining a TSXV listing are no longer justified, and the Delisting is intended to reduce corporate overhead costs. The Company will continue to remain a reporting issuer in Canada and will continue to comply with its continuous disclosure obligations under applicable securities laws.
ABOUT CANICKEL
CaNickel Mining Limited is a Canadian junior mining company that currently owns the Bucko Lake Mine, currently on care and maintenance, near Wabowden, Manitoba. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to low nickel prices.
Further information is available at www.canickel.com or contact:
Shirley Anthony
Chief Executive Officer
Phone: 778-999-2771
Email: shirley@canickel.com
Website: www.canickel.com
CaNickel Mining Limited
Suite 720 - 320 Granville St.
Vancouver, British Columbia Canada V6C 1S9
Forward-Looking Statements
This press release may contain forward-looking statements including those describing the Company's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, most of which are beyond the control of the Company. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to the Company's plans for the Delisting, including obtaining shareholder and TSXV approval for the Delisting.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, failure to obtain all required approvals for the completion of the Delisting, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., the outlook for nickel and copper, interest and exchange rates, inflation and capital market conditions, operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks).
Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249724
FAQ
When will CaNickel Mining (CMLGF) delist from the TSX Venture Exchange?
Why is CaNickel Mining (CMLGF) delisting from TSXV?
Will CaNickel Mining (CMLGF) continue reporting financial information after delisting?
What approvals are needed for CaNickel Mining (CMLGF) to delist from TSXV?
