Home / Mining Company News Releases (Unreviewed) / Greatbanks Resources Announces Revocation of Cease Trade Order and Transfer to NEX

Greatbanks Resources Announces Revocation of Cease Trade Order and Transfer to NEX

TORONTO, ON–(Marketwired – March 22, 2016) –
Greatbanks Resources Ltd. (“Greatbanks” or the “Company”) (NEX BOARD: GTB.H) announces that on March 21, 2016 the British Columbia Securities Commission revoked the cease trade order issued against the Company on December 11, 2015 (the “Cease Trade Order”). The Cease Trade Order was issued as a result of the Company’s failure to file its annual audited financial statements and management’s discussion and analysis for the year ended July 31, 2015, which were filed on March 18, 2016. 

Greatbanks also announces that it has been advised by the TSX Venture Exchange (the “TSXV”) that it has been unable to satisfy the Continued Listing Requirements in accordance with TSXV Policy 2.5 — Continued Listing Requirements, to maintain its listing as a Tier 2 Issuer. As a result, the securities of the Company were transferred to the NEX Board effective March 21, 2016 and remain suspended for trading. The Company has filed the outstanding necessary documents with the TSXV and expects to resume trading shortly.

About Greatbanks Resources Ltd.

Greatbanks Resources Ltd. is a Toronto, Canada based mineral exploration company focused on identifying producing assets and near term production opportunities.

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. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD OF DIRECTORS

“Andrew Male”

President and Chief Executive Officer

Andrew Male
President and Chief Executive Officer
Tel: 604-561-084
Email: [email protected]

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2036607. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.