TORONTO, Nov. 25 /CNW/ - Fletcher Nickel Inc (TSX: FL) has made application for the continuation of its share listing on the TSX Venture Exchange. As notified in a Bulletin published by the Toronto Stock Exchange earlier today, the TSX share listing will be continued until December 30, 2009 to facilitate the transfer.
The Company expects there will be no interruption in the trading of its shares on a listed market, as a result of the value of its outstanding shares having failed to meet the TSX minimum of $3 million over a recent extended period.
The Texmont Mine property, which qualified the Company for listing on TSX upon its initial public offering of securities in November 2007, continues to be the principal asset of Fletcher Nickel Inc. although its value has been depressed by the low nickel prices prevailing for the last many months.
SOURCE Fletcher Nickel Inc.
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