Heron Resources Limited: Voluntary Delisting from Toronto Stock Exchange
March 15 2018 - 11:01PM
Heron Resources Limited (ASX:HRR) (TSX:HER)
(“Heron” or the “Company”) advises that it has
applied for the voluntary delisting of its securities from the
Toronto Stock Exchange (TSX). Subject to confirmation from TSX, it
is expected that securities in Heron will be delisted from TSX and
therefore no longer tradeable on TSX at the close of trading on
March 29, 2018.
No change will occur to Heron’s securities on
the Australian Securities Exchange (ASX) where the securities will
continue to be listed and tradeable as normal under the existing
code "HRR".
Rationale for delistingThe
decision to delist from the TSX has been made due to the small
number of securities held on the TSX (approximately 3.2% of the
issued equities in Heron) and the very limited trading volumes of
Heron’s securities over a sustained period of time. As such, the
costs of maintaining the TSX listing and Canadian register can no
longer be justified.
Implications for holders on the Canadian
registerThe Company intends on leaving the Canadian
register open for approximately 6 months from the date of delisting
to allow for movement of shares to the ASX. We encourage
Canadian registered shareholders and CDS Participants to move their
positions over to the ASX during this time. After this time,
we will re-evaluate and determine the closing date of the Canadian
register.
CDS participants and Canadian registered holders
will need to request to have their holdings transferred to the
Australian share register.
For CDS participants, or if your shares are held
by your broker, the CDS participant/broker must complete and submit
the "Removal Request - Canada to Australia" form on your
behalf.
For registered shareholders, you will need to
complete the "Removal Request - Canada to Australia" form and
submit together with your original share certificate(s).
The "Removal Request" form can be obtained by
contacting our Canadian Transfer Agent, TSX Trust at
tmxestocktransfer@tmx.com
Until the transfer is effected, CDS participants
and Canadian registered holders will be unable to trade their
shares on ASX and their holdings will remain on the Canadian share
register.
Those holders who request a transfer to the
Australian register prior to this date will be able to select a
CHESS Sponsored Holding (via their broker) or an Issuer Sponsored
Holding.
Questions regarding the transfer process may be
directed to tmxestocktransfer@tmx.com
About Heron Resources Limited:
Heron’s primary focus is the development of its
100% owned, high grade Woodlawn Zinc-Copper Project located 250km
southwest of Sydney, New South Wales, Australia. In addition, the
Company holds a significant high quality, gold and base metal
tenement holding regional to the Woodlawn Project.
For
further information visit
www.heronresources.com.au or
contact: |
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Australia: |
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Jon Snowball |
Canada: |
Mr. Wayne
Taylor |
FTI Consulting |
Tel: +1
647-862-1157 |
Managing
Director and Chief Executive Officer |
+61 2 8298 6100 |
(Toronto) |
Tel: +61 2
9119 8111 or +61 8 6500 9200 |
jon.snowball@fticonsulting.com |
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Email:
heron@heronresources.com.au |
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Follow us
on Twitter |
@Heron_Resources |
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