MONTREAL, June 3 /CNW Telbec/ - Divcom Lighting Inc. (TSX: DVQ) ("Divcom"
or the "Company") announced today that the Toronto Stock Exchange ("TSX") is
reviewing the eligibility of the Company's common shares for continued listing
on the TSX. In particular, the TSX review indicated that (i) the price of the
common shares has been so reduced as not to warrant continued listing; (ii)
the market value of the common shares has been less than $3.0 million for 30
consecutive trading days; (iii) the market value of the Company's publicly
held common shares has been less than $2.0 million for 30 consecutive trading
days; and (iv) the Company is not in compliance with TSX requirements
regarding financial condition and/or operating results. Divcom is currently in
discussions with the TSX regarding this matter. The Company has been granted
60 days to comply with all requirements for continued listing on the TSX.
Divcom also announced today that it has entered into a forbearance
agreement with its Canadian lenders.
For further information:
For further information: Aslam Khatri, President and CEO, Divcom
Lighting Inc., (514) 693-2117