Redhawk Announces Notification of TSX Continued Listing Eligibility Review
January 03 2018 - 6:30AM
Redhawk Resources, Inc.
(“
Redhawk” or the “
Company”)
(TSX:RDK) (FWB:QF7) announces that it has been notified by the
Toronto Stock Exchange (“
TSX”) that it is
reviewing eligibility for continued listing of the Company’s common
shares (the “
Common Shares”) on the TSX. The
Common Shares are being reviewed under the TSX’s remedial review
process and the Company has been granted 120 days to comply with
all requirements for continued listing on the TSX, including with
respect to financial condition and operating results, actively
engaging in ongoing business and exploration and development
expenditures. If the Company cannot demonstrate that it meets all
TSX requirements set out in Part VII of the TSX Company Manual on
or before May 1, 2018, the Common Shares will be delisted from
trading on the TSX 30 days from such date.
The Company intends to work diligently with the
TSX during the specified period to demonstrate that the Company
satisfies the requirements for continued listing of the Common
Shares. However, there can be no assurance that the Company will be
able to achieve compliance with the TSX’s continued listing
requirements within the required time frame.
About Redhawk
Redhawk is a Canadian-based resource exploration
and development company with a focus on the continued advancement
of the Copper Creek copper-molybdenum project in San Manuel,
Arizona. The advanced Copper Creek Arizona property consists of
approximately 38 km² of contiguous patented and unpatented mining
claims and state prospecting permits, located about 112 km
northeast of Tucson, Arizona.
ON BEHALF OF THE BOARD“J. Stephen Barley”
J. Stephen Barley, Executive Chairman
For more information, please contact: |
J.
Stephen Barley, Executive Chairman |
Tel:
604-633-5088 |
Email:
info@redhawkresources.com |
Website: www.redhawkresources.com |
Cautionary Note Regarding
Forward-Looking Information
Certain statements contained in this press
release constitute forward-looking information within the meaning
of applicable securities laws. These forward-looking statements
relate to future events or the Company’s future performance,
business prospects or opportunities including, but not limited to,
statements relating to the Company’s intentions to work diligently
to satisfy the requirements for continued listing of the Common
Shares on the TSX.
The Company believes that the expectations
reflected in such forward-looking information are reasonable, but
no assurance can be given that these expectations will prove to be
correct and such forward-looking information should not be unduly
relied upon. These statements speak only as of the date of this
press release. Forward looking information involves risks and
uncertainties which may cause actual results to be materially
different from those expressed or implied by such forward looking
information. Such risks and uncertainties relate to the ability of
the Company to meet the TSX continued listing requirements on or
before May 1, 2018. The Company does not intend, and does not
assume any obligation, to update any forward-looking information
except as required by law.