ST. HELIER, Jersey, Sept. 26, 2016
/CNW/ - Effective September 8, 2016,
TSX Venture Exchange (the "Exchange") suspended trading in the
EastSiberian Plc's (the "Company") securities as a result of the
Company's failure to maintain Exchange requirements. Specifically,
the Company has failed to have three directors as required by NEX
Policy. A copy of the Exchange bulletin can be obtained from the
Exchange website at tmx.com. Reinstatement to trading can occur
only at such time that the Exchange has concluded its reinstatement
review to ensure the Company has satisfactorily complied with all
Exchange requirements.
A further news release will be issued in the event that the
Company has meet the conditions to have its shares reinstated for
trading following the reinstatement review by the Exchange. There
can be no assurance that reinstatement will proceed.
About EastSiberian
EastSiberian is an international junior oil exploration company
incorporated in the Bailiwick of Jersey. For further information,
please visit the EastSiberian Plc website at
www.eastsiberianplc.com. The common shares of the Company are
listed currently on the NEX.
The common shares of the Company will remain suspended until
trading is permitted to resume, all in accordance with the policies
of the TSX Venture Exchange and the NEX.
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.
Advisory Regarding Forward-Looking Statements
This press release contains certain forward-looking
statements and forward-looking information (collectively referred
to as "forward looking statements") within the meaning of Canadian
securities laws. All statements other than statements of historical
fact are forward-looking statements. Forward-looking information
typically contains statements with words such as "anticipate",
"believe", "plan", "estimate", "expect", "may", "will", "project",
"should" or similar words suggesting future outcomes and includes
statements regarding the expectation that the Corporation will
negotiate the terms of the proposed strategic transaction and enter
into a definitive agreement regarding such strategic
transaction, the trading of the shares of the Corporation, future
news releases to be issued by the Corporation and the timing of
such negotiations and news release.
Undue reliance should not be placed on forward-looking
statements, which are inherently uncertain, are based on estimates
and assumptions, and are subject to known and unknown risks and
uncertainties (both general and specific) that contribute to the
possibility that the future events or circumstances contemplated by
the forward-looking statements will not occur. There can be no
assurance that the plans, intentions or expectations upon which
forward-looking statements are based will in fact be realized.
Actual results will differ, and the difference may be material and
adverse to EastSiberian and its shareholders. In particular,
there can be no assurance that a definitive agreement will
be entered into or that any strategic transaction will proceed as
proposed or at all.
The forward-looking statements contained in this press
release are made as of the date hereof and EastSiberian does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, except as required by
applicable law. The forward-looking statements contained herein are
expressly qualified by this cautionary statement.
SOURCE EastSiberian Plc