26 June 2019
Auxico Resources Canada
Inc.
(“Auxico” or the “Company”)
WITHDRAWAL FROM
NEX EXCHANGE
Auxico Resources Canada Inc. (CSE: AUAG) (NEX London:
AUAG) announces that it has today submitted a request to the
NEX Exchange Growth Market (“NEX”), that its ordinary shares be
withdrawn from trading on NEX, with such withdrawal to take effect
as of market close on 26 July 2019
(“Withdrawal”).
The Company has its primary listing on the Canadian Securities
Exchange (“CSE”). The NEX Exchange quotation was sought as a
secondary listing to further enhance the transparency and
fundraising ability of the Company. The NEX quotation gives UK
shareholders the ability to hold Common Shares through a Depositary
Interest, allowing for full fungibility. With a market
capitalisation of approximately £3.5m, the Company no longer
believes it can justify the cost of being dual listed. The Company
is head quartered in Canada and
therefore the Directors are of the opinion that the CSE listing is
sufficient for the Company’s purposes.
The Company notes that under the NEX Exchange Growth Market -
Rules for Issuers, if an issuer has its shares traded on another
market of equivalent regulatory standing (including a qualifying
market), shareholder approval at a general meeting will not be
required to be sought. The Company’s Common Shares are traded on
the CSE, a qualifying market, and accordingly a circular is not
being posted to shareholders as there is no need to obtain
shareholder approval.
The Directors of the Company accept responsibility for the
contents of this announcement.
ON BEHALF OF THE BOARD OF
DIRECTORS
« signed »
« signed »
Pierre Gauthier
Mark Billings
CEO, Auxico Resources Canada Inc.
President, Auxico Resources Canada Inc.
pg@auxicoresources.com
mb@auxicoresources.com
Cell: +1 514 299
0881
Cell: +1 514 296 1641”
The Directors of the Company accept responsibility for the
contents of this announcement.
For further information, please
contact:
Auxico Resources
Canada Inc.
Mark Billings, President
www.auxicoresources.com/ |
+ 1 514 296 1641
mb@auxicoresources.com |
NEX Exchange Growth
Market Corporate Adviser:
Peterhouse Capital Limited
Guy Miller and Fungai Ndoro |
+44 (0)20 7469 0930 |
About Auxico Resources Canada Inc.
Auxico Resources Canada Inc. (“Auxico”) is a Canadian company
that was founded in 2014 and based in Montreal. Auxico is engaged in the
acquisition, exploration and development of mineral properties in
Colombia and Mexico.
The Canadian Securities Exchange
(CSE) has not reviewed and does not accept responsibility for the
adequacy or the accuracy of the contents of this release.