CALGARY, Aug. 9 /CNW/ - Raptor Capital Corporation ("Raptor" or the
"Corporation") ("TSX-V:RCP") announces that in accordance with TSX Venture
Exchange Policies 2.5 and 2.9, the Company has not maintained tier maintenance
requirements for a TSX Venture Tier 2 issuer. Therefore, the Corporation's
listing will be transferred to the NEX Board of the TSX Venture Exchange from
Tier 2 of the TSX Venture Exchange.
An order for suspension of trading of Raptor's securities was issued by
the TSX Venture Exchange on May 8, 2007 as a result of a Cease Trade Order
from the Alberta Securities Commission issued to the Corporation on May 7,
2007 for failing to file (a) comparative financial statements and related
management's discussion and analysis for Raptor's financial year ended
December 31, 2006, and (b) disclosure of oil and gas activities for the year
ended December 31, 2006. A Cease Trade Order was also issued by the British
Columbia Securities Commission on May 17, 2007. The TSX Venture Exchange
required Raptor to complete its reinstatement to trading and meet the tier
maintenance requirements of the TSX Venture Exchange on or before August 8,
2007 or the Corporation's listing would be transferred to the NEX Board.
The Corporation intends to file the required materials, as well as
interim financial statements for the three months ended March 31, 2007 within
the next three weeks if possible. At that time, an application will be made to
the Alberta Securities Commission and the British Columbia Securities
Commission for reinstatement of trading. Until such time as reinstatement
occurs, trading in the Corporation's securities will remain suspended.
Security holders are prohibited from trading in the securities of the
Corporation during the period of the suspension or until further notice.
Effective as of August 8, 2007, the Corporation is subject to
restrictions on share issuances and certain types of payments as set out in
the NEX policies.
The trading symbol for the Corporation will change from RCP.V to RCP.H
and the filing and service office will change from Calgary to NEX.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: William J. Wylie, Raptor Capital Corporation,
T: (403) 266-5515 ext. 4. E: Bill@raptap.com