SCANDIUM INTERNATIONAL MINING ANNOUNCES TSX-V LISTING AND VOLUNTARY DELISTING FROM TSX
Scandium International Mining Corp (TSX:SCY, OTCBB:SCYYF) has announced its planned transition from the Toronto Stock Exchange (TSX) to the TSX Venture Exchange (TSXV). The company has received conditional approval for the TSXV listing and will voluntarily delist from the TSX. The delisting from TSX is expected around January 31, 2025, with TSXV listing following on February 4, 2025.
The decision was based on several factors, including cost considerations, TSX listing requirements, current market capitalization, and financing options available to TSXV-listed companies. The company will maintain its 'SCY' trading symbol on TSXV and continue trading as 'SCYYF' on OTCQB. No shareholder action is required for this transition, and the company will remain a reporting issuer under Canadian securities laws.
Scandium International Mining Corp (TSX:SCY, OTCBB:SCYYF) ha annunciato la sua prevista transizione dalla Borsa di Toronto (TSX) alla Borsa TSX Venture (TSXV). L'azienda ha ricevuto un'approvazione condizionata per la quotazione su TSXV e si delisterà volontariamente dalla TSX. Si prevede che il delisting dalla TSX avverrà intorno al 31 gennaio 2025, seguito dalla quotazione su TSXV il 4 febbraio 2025.
La decisione è stata basata su diversi fattori, tra cui considerazioni di costo, requisiti di quotazione TSX, capitalizzazione di mercato attuale e opzioni di finanziamento disponibili per le aziende quotate su TSXV. L'azienda manterrà il suo simbolo di trading 'SCY' su TSXV e continuerà a trattare come 'SCYYF' su OTCQB. Non è richiesta alcuna azione da parte degli azionisti per questa transizione, e l'azienda rimarrà un'emittente in reporting secondo le leggi sulle securities canadesi.
Scandium International Mining Corp (TSX:SCY, OTCBB:SCYYF) ha anunciado su prevista transición de la Bolsa de Valores de Toronto (TSX) a la Bolsa TSX Venture (TSXV). La empresa ha recibido aprobación condicional para la cotización en TSXV y se dará de baja voluntariamente de la TSX. Se espera que la baja de TSX ocurra alrededor del 31 de enero de 2025, con la cotización en TSXV programada para el 4 de febrero de 2025.
La decisión se basó en varios factores, incluyendo consideraciones de costos, requisitos de cotización de TSX, capitalización de mercado actual y opciones de financiamiento disponibles para las empresas listadas en TSXV. La empresa mantendrá su símbolo de cotización 'SCY' en TSXV y continuará negociando como 'SCYYF' en OTCQB. No se requiere ninguna acción por parte de los accionistas para esta transición, y la empresa seguirá siendo un emisor de informes bajo las leyes de valores canadienses.
스케늄 국제 광업 주식회사 (TSX:SCY, OTCBB:SCYYF)는 토론토 증권 거래소(TSX)에서 TSX 벤처 거래소(TSXV)로의 전환 계획을 발표했습니다. 이 회사는 TSXV 상장에 대한 조건부 승인을 받았으며 TSX에서 자발적으로 상장 폐지를 할 예정입니다. TSX에서의 상장 폐지는 2025년 1월 31일경에 이루어질 것으로 예상되며, 이어서 2025년 2월 4일에 TSXV 상장이 이루어질 것입니다.
이 결정은 몇 가지 요소를 고려하여 이루어졌으며, 비용 문제, TSX 상장 요구 사항, 현재 시장 자본화, TSXV 상장 기업에 대한 자금 조달 옵션이 포함됩니다. 회사는 TSXV에서 'SCY' 거래 심볼을 유지하고 OTCQB에서 'SCYYF'로 계속 거래할 것입니다. 이번 전환을 위해 주주로서의 조치는 필요하지 않으며, 회사는 캐나다 증권 법에 따라 보고를 의무화하는 기업으로 남을 것입니다.
Scandium International Mining Corp (TSX:SCY, OTCBB:SCYYF) a annoncé sa transition prévue de la Bourse de Toronto (TSX) vers la Bourse de risque TSX (TSXV). L'entreprise a reçu une approbation conditionnelle pour la cotation sur TSXV et va se retirer volontairement de la TSX. Le retrait de la TSX est prévu autour du 31 janvier 2025, la cotation sur TSXV suivant le 4 février 2025.
La décision a été basée sur plusieurs facteurs, y compris des considérations de coût, les exigences de cotation de la TSX, la capitalisation boursière actuelle et les options de financement disponibles pour les entreprises cotées sur la TSXV. L'entreprise maintiendra son symbole de négociation 'SCY' sur la TSXV et continuera à être négociée sous 'SCYYF' sur OTCQB. Aucune action des actionnaires n'est requise pour cette transition, et l'entreprise restera un émetteur en reporting selon les lois canadiennes sur les valeurs mobilières.
Scandium International Mining Corp (TSX:SCY, OTCBB:SCYYF) hat seine geplante Übergang von der Toronto Stock Exchange (TSX) zur TSX Venture Exchange (TSXV) bekannt gegeben. Das Unternehmen hat eine bedingte Genehmigung für die TSXV-Notierung erhalten und wird sich freiwillig von der TSX abmelden. Die Abmeldung von der TSX wird voraussichtlich um den 31. Januar 2025 erfolgen, gefolgt von der Notierung am TSXV am 4. Februar 2025.
Die Entscheidung basierte auf mehreren Faktoren, einschließlich Kostenüberlegungen, Anforderungen an die TSX-Notierung, aktuelle Marktkapitalisierung und Finanzierungsoptionen, die für an der TSXV notierte Unternehmen verfügbar sind. Das Unternehmen wird sein Handelsymbol 'SCY' an der TSXV beibehalten und weiterhin als 'SCYYF' an der OTCQB gehandelt. Für diesen Übergang ist keine Aktion der Aktionäre erforderlich, und das Unternehmen bleibt ein berichtspflichtiger Emittent nach kanadischem Wertpapierrecht.
- Lower listing costs through TSXV compared to TSX
- Access to more flexible financing options on TSXV
- Maintenance of dual-market presence (TSXV and OTCQB)
- Downgrade from senior TSX exchange to junior TSXV market
- Potential inability to meet TSX listing requirements
- Low market capitalization concerns
RENO, Nev., Jan. 17, 2025 (GLOBE NEWSWIRE) -- Scandium International Mining Corp. (TSX:SCY and OTCBB: SCYYF) (“Scandium International” or the “Company”), a company focused on the development of its Nyngan Scandium project in New South Wales, Australia, today announces that it has received conditional approval to list its common shares on the TSX Venture Exchange (the "TSXV"). In connection with the TSXV listing, the Company will voluntarily delist its common shares from the Toronto Stock Exchange (the "TSX").
The Company's management and Board of Directors have determined that this transition is in the best interests of Scandium International. In arriving at this determination, the Company considered, among other things, the costs associated with a TSX listing versus a TSXV listing, its ability to continue to meet the continued listing requirements of the TSX in the future, its current market capitalization, the rules related to private placements and other forms of financing available to TSXV-listed issuers and the general suitability of a TSX listing versus a TSXV listing for an issuer with the Company's current profile and focus on the development of a mineral property.
"This shift to the TSXV allows Scandium International to focus on development of our Nyngan Scandium project and further exploration potential of our Honeybugle license.” said CEO Peter Evensen.
The Company expects to delist its common shares from the TSX on or about January 31, 2025, and list its common shares on the TSXV on or about February 4, 2025. The Company will remain a "reporting issuer" under applicable Canadian securities laws through the listing transition process. The Company will retain the trading symbol "SCY" once listed on the TSXV, and its shares will continue to be quoted on the OTCQB under the symbol "SCYYF". Shareholder approval is not required under the policies of the TSX to proceed with the transition as the TSXV is an acceptable alternative market. No action is required by shareholders in connection with the transition of the Company's listing to the TSXV.
For inquiries to Scandium International Mining Corp, please contact:
Peter Evensen (CEO)
Tel: (775) 355-9500
Harry de Jonge (Comptroller)
Tel: (702) 703-0178
Email: ir@scandiummining.com
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements with respect to listing of the Company's common shares on the TSXV and delisting of the Company's common shares from the TSX, general future plans and objectives for the Company and the Nyngan Scandium Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.scandiummining.com Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
FAQ
When will SCYYF delist from TSX and list on TSXV?
Will SCYYF shareholders need to take any action for the exchange transition?
Will SCYYF keep the same trading symbols after moving to TSXV?
Why is SCYYF moving from TSX to TSXV?
