Bedford, Nova Scotia (FSCwire) – NSX Silver Inc. (TSXV:NSY) (“NSX Silver” or the “Company”) announces that effective at the opening on Monday, February 8, 2016, the Company's listing will transfer to the NEX Board of the TSXV (the "NEX"). The NEX trading platform is a separate board of the TSXV.
As of February 8, 2016, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The Company's common shares will trade on the NEX under the symbol NSY.H. The Company's existing share certificates will continue to represent the shares of the Company. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital.
NEX is a separate board of the TSXV for companies previously listed on TSXV or Toronto Stock Exchange which have failed to maintain compliance with the continued listing requirements of those markets. NEX has been designed to provide a forum for the trading of publicly listed shell companies while they seek and undertake transactions in furtherance of their reactivation as companies which will carry on an active business.
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This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of NSX Silver Inc. (“NSX Silver”), or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that NSX Silver or its shareholders will derive. In particular, no assurance can be given that NSX Silver will effect any strategic alternative, as described herein. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond NSX Silver’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risks and Uncertainties” in NSX Silver’s Management Discussion and Analysis for the Year ended December 31, 2014, which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. NSX Silver does not intend, nor does NSX Silver undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
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
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Source: NSX Silver Inc. (TSX Venture:NSY) http://nsxsilver.com/