MPL Communications Inc.: News Release
March 16 2010 - 10:00PM
Marketwired Canada
MPL Communications Inc. (TSX VENTURE:MPZ) announces that trading in its common
shares was suspended by the TSX Venture Exchange effective March 11, 2010. MPL
learned of the suspension late yesterday.
The suspension followed a trading halt that was imposed by the TSXV on September
29, 2009 during the course of a TSXV compliance review. MPL and the TSXV engaged
in months of lengthy correspondence since the trading halt was imposed. MPL
stands by its position and thinks that further communication at this time is
unlikely to lead to resolution of the issues raised by the TSXV. It will also
result in legal and accounting expense that MPL cannot afford and divert the
attention of MPL's directors and management away from managing its business
through the current challenging environment. The TSXV notified MPL that failure
to reply to the latest correspondence in a manner satisfactory to the TSXV may
result in a trading suspension.
Although trading in MPL's shares has been suspended by the TSXV, trades outside
of the facilities of the TSXV are unaffected.
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