Canada Coal Moves to NEX on TSX Venture Exchange
VANCOUVER, Dec. 12, 2018 - Canada Coal Inc. (the “Company” or “Canada Coal”), (TSX-V: CCK) announces that effective December 17th, 2018, the Company’s shares will begin trading on the NEX Board (“NEX”) of the TSX Venture Exchange (“the Exchange”) under the symbol CCK.H.
As a result of the Company’s inability to meet Tier 2 continued listing requirements of the Exchange, the Company applied to move to the Exchange’s subsidiary trading board, NEX, and was granted the change effective December 12th, 2018.
The Company remains in good standing under applicable corporate law and is a reporting issuer not in default under applicable Securities Laws.
The Company has a cash position of approximately $1,500,000 and is actively seeking new ventures which will allow it to meet, at a minimum, the principal Tier 2 listing requirements of the Exchange.
“R. Bruce Duncan”
President and Chief Executive Officer
Phone: 1-604-685-6375
Website: www.canadacoal.com
E-mail: info@canadacoal.com
“Neither 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.”
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).