MPL Communications Inc.: News Release
March 16 2010 - 10:00PM
Marketwired
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.
Neither 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.
Contacts: MPL Communications Inc. Stephen D. Pepper Chairman
(416) 869-1177 spepper@mplcomm.com
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