Tiidal Announces Update on Delisting from CSE and Continuance Under the Business Corporations Act (British Columbia)
On June 5, 2024, Tiidal Gaming Group Corp. announced its plan to voluntarily delist from the Canadian Securities Exchange (CSE) and complete its continuance to British Columbia under the Business Corporations Act (British Columbia). All conditions for the delisting have been met, and the CSE will soon issue a formal delisting date. The continuance and the adoption of new articles were approved by shareholders during the Annual General and Special Meeting held on April 5, 2024. The official documents will be available on SEDAR+ and the CSE's website.
- Tiidal has successfully met all conditions for delisting from the CSE.
- The company's continuance to British Columbia under the Business Corporations Act has been completed.
- Shareholders approved the delisting and continuance, indicating strong shareholder support.
- The delisting from CSE may reduce the liquidity and marketability of Tiidal's shares.
- Investors might view the delisting as a negative signal regarding the company's future performance.
Toronto, Ontario--(Newsfile Corp. - June 5, 2024) - Tiidal Gaming Group Corp. (CSE: TIDL) (the "Company" or "Tiidal") announces that, further to the Company's press release dated April 5, 2024, it will be completing its voluntary delisting from the Canadian Securities Exchange (the "CSE") imminently (the "Delisting"). All conditions have been met for the Delisting and the CSE will advise the Company of a formal delisting date. The CSE will issue a bulletin to this effect and the Company will issue a news release announcing the formal delist date and file same on SEDAR+.
The Company also announces that it has completed the continuance of the Company to the Province of British Columbia under the Business Corporations Act (British Columbia) from the Province of Ontario under the Business Corporations Act (Ontario) (the "Continuance") and the adoption of the new articles (the "Articles") effective as of June 4, 2024.
The Delisting and Continuance were approved by shareholders at the Annual General and Special Meeting of Shareholders held on April 5, 2024. Copies of the certificate of continuation and the Articles will be filed under the Company's profile at www.sedarplus.ca and www.thecse.com.
ABOUT TIIDAL GAMING
Tiidal Gaming is a reporting issuer in the Provinces of Ontario, British Columbia and Alberta and its common shares are listed for trading on the Canadian Securities Exchange under the symbol "TIDL".
Carlo Rigillo
Chief Executive Officer
e: carlo.rigillo@gmail.com
t: 647-400-4794
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Any such forward-looking information is based on information currently available to Tiidal and is based on assumptions and analyses made in light of Tiidal's experience and perception of historical trends and current conditions. While the Company considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. Readers are cautioned that actual results may vary from the forward-looking information, and undue reliance should not be placed on such forward-looking information.
By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Additional risk factors can also be found in Tiidal's financial statements and management's discussion and analysis, which are available under Tiidal's profile on SEDAR+ at www.sedarplus.ca.
Unless otherwise indicated, the forward-looking statements in this news release are based on the Company's expectations at the date of this news release. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. Tiidal undertakes no obligation to update or revise such forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/211786
FAQ
Why is Tiidal delisting from the Canadian Securities Exchange (CSE)?
When will Tiidal be formally delisted from the CSE?
What is the significance of Tiidal's continuance to British Columbia?
Was the delisting and continuance approved by Tiidal's shareholders?
Where can investors find official documents related to Tiidal's delisting and continuance?
