In the news release, IIROC Trading Halt - VFX, issued 25-Feb-2015 by Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions over CNW, we are advised by the company that the reason should read "Failure to Maintain Exchange Requirements" rather than "Pending News" as originally issued inadvertently. The complete, corrected release follows:
IIROC Trading Halt - VFX
VANCOUVER, Feb. 25, 2015 /CNW/ - The following issues have been halted by IIROC:
Company: Virtutone Networks Inc.
TSX-Venture Symbol: VFX
Reason: Failure to Maintain Exchange Requirements
Halt Time (ET): 8:00
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
For further information: IIROC Inquiries 1-877-442-4322 (Option 2) - Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.