Li-Metal Corp. in Trading Halt Pending Standard CSE Change of Business Disclosure Review
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) has entered a trading halt on the Canadian Securities Exchange. The halt is pending review of disclosure related to the company's planned transition from a lithium anode development and production company to an investment company. The company plans to file an updated Listing Statement with the CSE reflecting this business change. Trading will resume once the company receives both shareholder and CSE approval for this transformation.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) ha sospeso le negoziazioni sulla Canadian Securities Exchange. La sospensione è in attesa di una revisione delle comunicazioni riguardanti la transizione pianificata dell'azienda da una società di sviluppo e produzione di anodi di litio a una società di investimento. L'azienda prevede di presentare un aggiornamento dello Statement di quotazione alla CSE che rifletta questo cambiamento di attività. Le negoziazioni riprenderanno una volta che l'azienda otterrà l'approvazione sia degli azionisti che della CSE per questa trasformazione.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) ha detenido la negociación en la Bolsa de Valores de Canadá. La detención está pendiente de una revisión sobre la divulgación relacionada con la transición planeada de la compañía de una empresa de desarrollo y producción de ánodos de litio a una compañía de inversiones. La compañía planea presentar una Declaración de Listado actualizada ante la CSE que refleje este cambio de negocio. La negociación se reanudará una vez que la empresa reciba la aprobación tanto de los accionistas como de la CSE para esta transformación.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF)는 캐나다 증권 거래소에서 거래 중단에 들어갔습니다. 이 중단은 회사가 리튬 양극 개발 및 생산 회사에서 투자 회사로 전환하는 것과 관련된 공시 검토를 기다리고 있습니다. 회사는 이 사업 변경을 반영한 업데이트된 상장 성명을 CSE에 제출할 계획입니다. 이 변환에 대한 주주 및 CSE의 승인을 받은 후 거래가 재개될 것입니다.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) a suspendu les échanges sur la Bourse des valeurs canadiennes. La suspension est en attente d'un examen des divulgations relatives à la transition prévue de l'entreprise d'une entreprise de développement et de production d'anodes en lithium à une société d'investissement. L'entreprise prévoit de déposer une déclaration de cotation mise à jour auprès de la CSE reflétant ce changement d'activité. Les échanges reprendront une fois que l'entreprise aura obtenu l'approbation des actionnaires et de la CSE pour cette transformation.
Li-Metal Corp (CSE: LIM) (OTCQB: LIMFF) hat den Handel an der Canadian Securities Exchange ausgesetzt. Die Aussetzung steht in Erwartung einer Überprüfung der Offenlegung im Zusammenhang mit der geplanten Übergang des Unternehmens von einer Unternehmen für die Entwicklung und Produktion von Lithiumanoden zu einer Investitionsgesellschaft. Das Unternehmen plant, eine aktualisierte Listungsmitteilung bei der CSE einzureichen, die diese Geschäftswandel widerspiegelt. Der Handel wird wieder aufgenommen, sobald das Unternehmen die Genehmigung sowohl der Aktionäre als auch der CSE für diese Transformation erhalten hat.
- None.
- Trading halt implemented, suspending market liquidity
- Major business model shift from lithium anode production to investment company, indicating potential abandonment of core operations
- Multiple regulatory approvals required before trading can resume
Toronto, Ontario--(Newsfile Corp. - December 2, 2024) - Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) (FSE: 5ZO) ("Li-Metal" or the "Company") has been issued a trading halt by the Canadian Securities Exchange ("CSE") effective today pending the review of the disclosure related to the Company's earlier announced change of business from a lithium anode development and production company to an investment company.
The Company expects to file shortly with the CSE an updated Listing Statement reflecting the proposed new business.
The proposed change of business is subject to shareholder approval and approval of the CSE. The halt in trading in the common shares of the Company is expected to be lifted upon the Company's receipt of approval for the change of business from the Company's shareholders and the CSE.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the Company's strategic plans and the resumption of trading are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the development of the business of the Company will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
Li-Metal Investor Contact: Keshav Kochhar
Telephone: +1 647 494 4887
Email: ir@li-metal.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232231
FAQ
Why was Li-Metal Corp (LIMFF) stock halted on December 2, 2024?
What business change is Li-Metal Corp (LIMFF) planning to implement?
When will Li-Metal Corp (LIMFF) resume trading?
