ST. HELIER, Jersey, Sept. 26, 2016 /CNW/ - Effective September 8, 2016, TSX Venture Exchange (the "Exchange") suspended trading in the EastSiberian Plc's (the "Company") securities as a result of the Company's failure to maintain Exchange requirements. Specifically, the Company has failed to have three directors as required by NEX Policy. A copy of the Exchange bulletin can be obtained from the Exchange website at tmx.com. Reinstatement to trading can occur only at such time that the Exchange has concluded its reinstatement review to ensure the Company has satisfactorily complied with all Exchange requirements.
A further news release will be issued in the event that the Company has meet the conditions to have its shares reinstated for trading following the reinstatement review by the Exchange. There can be no assurance that reinstatement will proceed.
EastSiberian is an international junior oil exploration company incorporated in the Bailiwick of Jersey. For further information, please visit the EastSiberian Plc website at www.eastsiberianplc.com. The common shares of the Company are listed currently on the NEX.
The common shares of the Company will remain suspended until trading is permitted to resume, all in accordance with the policies of the TSX Venture Exchange and the NEX.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Advisory Regarding Forward-Looking Statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to as "forward looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes and includes statements regarding the expectation that the Corporation will negotiate the terms of the proposed strategic transaction and enter into a definitive agreement regarding such strategic transaction, the trading of the shares of the Corporation, future news releases to be issued by the Corporation and the timing of such negotiations and news release.
Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to EastSiberian and its shareholders. In particular, there can be no assurance that a definitive agreement will be entered into or that any strategic transaction will proceed as proposed or at all.
The forward-looking statements contained in this press release are made as of the date hereof and EastSiberian does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
SOURCE EastSiberian Plc
For further information: EastSiberian Plc, Graeme Phipps, President, 9 Esplanade, St. Helier, Jersey, Tel: +44 7733 363 016 or +1 403 630 2367, Email: [email protected]