TSXV: AMT
TORONTO, Jan. 15, 2016 /CNW/ - Amato
Exploration Ltd. (the "Company" or "Amato"), is advising that,
in accordance with TSX Venture Exchange Policy 2.5, the Company has
not maintained the requirements for a Tier 2 Company. The
Company must transfer its shares from trading on the TSX Venture
Exchange (the "Exchange" or "TSX-V") and transition
to the NEX Board of the Exchange ("NEX"). Effective as
of market open on Monday, January 18,
2016, Amato's listing will transfer to NEX, Amato's Tier
classification will change from Tier 2 to NEX, and the Filing and
Service Office will change from Vancouver to NEX.
As of January 18, 2016, the
Company is subject to restrictions on share issuances and certain
types of payments as set out in the NEX policies.
The trading symbol for the Company will change from AMT to
AMT.H. There is no change in the Company's name, no change in
its CUSIP number and no consolidation of capital. The symbol
extension differentiates NEX symbols from Tier 1 or Tier 2 symbols
within the TSXV.
NEX is a separate board of the TSXV for companies previously
listed on TSXV or Toronto Stock Exchange which have failed to
maintain compliance with the ongoing financial listing standards of
those markets. NEX has been designed to provide a forum for
the trading of publicly listed shell companies while they seek and
undertake transactions in furtherance of their reactivation as
companies which will carry on an active business.
About Amato Exploration Ltd.
Amato
Exploration Ltd. is a North American exploration company based
in Toronto, ON, Canada. We are currently focused on exploring
for precious metals in North
America.
DISCLAIMER
This news release contains forward-looking statements which reflect
management's current expectations regarding the
Company's objectives, plans, goals, strategies, future growth,
results of operations, performance and business prospects and
opportunities. These forward-looking statements are not guarantees,
but only predictions. Although the Company believes that these
statements are based on information and assumptions which are
current, reasonable and complete, these statements are necessarily
subject to a number of factors that could cause actual results to
vary significantly from current expectations. These factors and
other risks and uncertainties are discussed in the Company's
materials filed with the Canadian securities regulatory authorities
from time to time, as identified in the Company's disclosure record
on www.sedar.com. The forward-looking statements included in this
news release are made only as of the date of this news release and
the Company does not undertake to publicly update these
forward-looking statements to reflect new information, future
events or otherwise, except as required by law.
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 news release.
SOURCE Amato Exploration Ltd.