Comstock Metals Ltd. (TSXV:CSL (OTC:)) announced on Thursday that it will transfer its exchange listing from the TSX Venture Exchange to the NEX board of the same exchange effective September 18, 2023. The move comes as a result of the company’s inability to maintain the requirements for a TSX Venture Exchange Tier 2 company, as per the TSX Venture Exchange Policy 2.5.
The trading symbol for Comstock Metals will change from CSL to CSL.H following this transition. However, there will be no alterations to the company’s name, its Cusip number, or any consolidation of capital. Despite these changes, Comstock Metals continues to review opportunities that could potentially qualify it for a return to the TSX-V exchange.
Previously operating as a mining exploration company in Canada, Comstock Metals is now focused on identifying new opportunities. The firm remains publicly traded and is actively exploring avenues to meet the necessary criteria for a return to its original listing status on the TSX-V exchange.
The company also issued a statement containing forward-looking information and statements about its future business operations, financial performance, and other plans. It highlighted that while these projections are based on reasonable assumptions, there are significant risks and uncertainties inherent in such forecasts. Therefore, readers are advised to rely on their own evaluation of these risks and uncertainties.
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