ST. ALBERT, AB–(Marketwired – November 25, 2016) – Leis Industries Limited (TSX VENTURE: LES) – Pursuant to the Exchange’s review of the Company’s financial statements and disclosure documents, it has determined that the Company does not meet Tier 2 Continued Listing Requirements (“CLR”). Pursuant to Exchange Policy 2.5 an issuer will be given notice to address the deficiencies. We advise that the Exchange has placed the Company on notice with a deadline of March 31, 2017 by which date the Company is required to provide a submission to the Exchange evidencing that it meets Tier 2 CLR. Should the Company not provide the Exchange that it meets all Tier 2 CLR, the Exchange will proceed to transfer the Company’s listing to NEX. The company is currently evaluating numerous opportunities that qualify for the company to remain a Tier 2 reporting issuer with the TSX Venture Exchange.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 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.
For further information, contact:
Leonard Jaroszuk
President & CEO
Tel: (780) 418.4069
Email: jaroszuk@gmail.com