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Opta Minerals Inc.: TSX Commences Review of Listing

WATERDOWN, ONTARIO–(Marketwired – Sept. 10, 2015) – Opta Minerals Inc. (the “Company“) (TSX:OPM) announced today that it has received notice from the Toronto Stock Exchange (the “TSX“) indicating that the TSX will be reviewing the continued listing of the common shares of the Company on the TSX.

The review is being conducted on the basis that the market value of the Company’s freely-tradable, publicly held securities has been less than Cdn. $2,000,000 for more than 30 consecutive trading days pursuant to section 712(b) of the TSX Company Manual. Further, the TSX will be reviewing the financial condition of the Company pursuant to sections 709 and 710(a)(i) of the TSX Company Manual.

The TSX’s review is being conducted under its Remedial Review Process and the Company has been granted 120 days to comply with all requirements for continued listing.

Receipt of this notice from the TSX has no immediate effect on the listing of the common shares of the Company. Further information concerning the TSX’s review will be provided in due course.

Opta Minerals is a vertically integrated provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting and municipal water filtration industries. The Company has production and distribution facilities in Ontario, Quebec, Saskatchewan, Louisiana, South Carolina, Virginia, Maryland, Indiana, Michigan, New York, Texas, Florida, Ohio, Idaho, France, Slovakia and Germany.

Opta Minerals Inc.
Bernhard Rumbold
Interim President and Chief Executive Officer
Tel: 905-689-7361, ext. 405

Opta Minerals Inc.
Peter Fryters
Chief Financial Officer and Treasurer
Tel: 905-689-7361, ext. 405
[email protected]
www.optaminerals.com

 

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