New World Solutions Provides Corporate Update
New World Solutions (CSE:NEWS, OTC:REGRF) provided an update regarding its trading suspension on the Canadian Securities Exchange. The suspension stems from the Exchange's review of the recent dialMkt acquisition, which created a new control person without required shareholder approval. Additionally, the Exchange has raised objections regarding the Company's association with an individual. The person in question has filed an appeal, scheduled for hearing in January. The company confirmed that the trading suspension will remain in effect until after the appeal is heard.
New World Solutions (CSE:NEWS, OTC:REGRF) ha fornito un aggiornamento riguardo alla sua sospensione delle contrattazioni nella Borsa del Canada. La sospensione deriva dalla revisione da parte della Borsa dell'acquisizione recente di dialMkt, che ha creato una nuova persona di controllo senza l'approvazione necessaria degli azionisti. Inoltre, la Borsa ha sollevato obiezioni riguardo all'associazione della Società con un individuo. La persona in questione ha presentato un ricorso, che sarà esaminato a gennaio. La società ha confermato che la sospensione delle contrattazioni rimarrà in vigore fino a dopo l'udienza del ricorso.
New World Solutions (CSE:NEWS, OTC:REGRF) proporcionó una actualización sobre su suspensión de operaciones en la Bolsa de Valores de Canadá. La suspensión proviene de la revisión por parte de la bolsa de la reciente adquisición de dialMkt, que creó una nueva persona de control sin la aprobación requerida de los accionistas. Además, la bolsa ha presentado objeciones sobre la asociación de la empresa con un individuo. La persona en cuestión ha presentado una apelación, programada para ser escuchada en enero. La empresa confirmó que la suspensión de operaciones permanecerá en efecto hasta después de que se escuche la apelación.
New World Solutions (CSE:NEWS, OTC:REGRF)는 캐나다 증권 거래소에서의 거래 중단에 대한 업데이트를 제공했습니다. 이 중단은 dialMkt 인수에 대한 거래소의 검토에서 비롯되며, 주주 승인 없이 새로운 지배주체가 생성된 것입니다. 또한, 거래소는 회사가 한 개인과의 연관성에 대해 이의를 제기했습니다. 해당 개인은 1월에 심리가 예정된 항소를 제출했습니다. 회사는 항소가 심리될 때까지 거래 중단이 계속될 것이라고 확인했습니다.
New World Solutions (CSE:NEWS, OTC:REGRF) a fourni une mise à jour concernant sa suspension de négociation sur la Bourse canadienne. La suspension découle de l'examen par la Bourse de l'acquisition récente de dialMkt, qui a créé une nouvelle personne de contrôle sans l'approbation requise des actionnaires. De plus, la Bourse a soulevé des objections concernant l'association de la société avec un individu. La personne concernée a déposé un appel, prévu pour une audience en janvier. La société a confirmé que la suspension de négociation restera en vigueur jusqu'après l'audience de l'appel.
New World Solutions (CSE:NEWS, OTC:REGRF) gab ein Update zu seiner Handelsaussetzung an der Canadian Securities Exchange. Die Aussetzung resultiert aus der Überprüfung der kürzlichen dialMkt-Aquisition durch die Börse, die eine neue Kontrollperson ohne die erforderliche Genehmigung der Aktionäre schuf. Zudem hat die Börse Einwände gegen die Assoziation des Unternehmens mit einer Person erhoben. Die betreffende Person hat Berufung eingelegt, die für Januar angesetzt ist. Das Unternehmen bestätigte, dass die Handelsaussetzung bis nach der Anhörung der Berufung bestehen bleibt.
- None.
- Trading suspended on Canadian Securities Exchange
- dialMkt acquisition created unauthorized control person without shareholder approval
- Exchange objects to company's association with certain individual
- Trading suspension to continue at least until January appeal hearing
TORONTO, ON / ACCESSWIRE / December 19, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC:REGRF)(FSE:RT5) ("New World" or the "Company") wishes to provide an update on the trading halt and CSE suspension.
The Canadian Securities Exchange has suspended the Company while it reviews certain aspects of the recent dialMkt acquisition. In particular, the transaction resulted in a new control person without shareholder approval, and the Exchange has objected to the Company's association with a person. The affected person has exercised their right to appeal. The appeal will be held in January, and the Company has been informed that the suspension will not be lifted prior to the appeal being heard.
The Company will provide a further update to shareholders in January.
About:
dialMKT is addressing the digital transformation of the global luxury wrist watch enthusiast market by developing a blockchain-powered digital ecosystem that integrates content, e-commerce, and community.
The company's video-first content platform WatchReporter.com is produced by watch enthusiasts - for watch enthusiasts and features the latest relevant articles, and videos on: watch auction news, collector interviews, watch reviews, and growing database on buyer guides on vintage and modern watches from the top brands. The newly launched dialMKT.com plans to offer rare and hard-to-find vintage and modern watches at the most competitive prices, with a high level of transparency, and concierge-style service for serious watch enthusiasts.
About New World
New World Solutions is an innovative technology company, driving innovative solutions to new world problems. Through our blockchain and technology experience, we are leveraging solutions in the decentralized finance space as well as the electric vehicle area. We look to acquire and launch a balanced spectrum of solutions to become a leader in this dynamic tech landscape.
For additional information on New World and other corporate information, please visit the company website at https://www.newworldinc.io/.
For further information, please contact:
Paul Haber, C.P.A., C.A., C.Dir
Chief Executive Officer
New World Solutions Inc.
Phone: (416) 318- 6501
Email: phaber@newworldinc.io
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the blockchain in general, the risk that the Transaction will not be completed as contemplated or at all. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The Canadian Stock Exchange (the "CSE") does not accept responsibility for the adequacy or accuracy of this release.
Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: New World Solutions Inc.
View the original press release on accesswire.com
FAQ
Why was New World Solutions (REGRF) stock suspended from trading in December 2023?
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