VANCOUVER, Feb. 6, 2019
/CNW/ - Tajiri Resources Corp. (the "Company") (TSX
VENTURE: TAJ) announces that it has received approval from the
TSX Venture Exchange ("TSXV") to recommence trading effective
February 8, 2019.
On October 2nd, 2018,
the British Columbia Securities Commission (the "BCSC") issued a
cease trade order (the "CTO") against the Company for failure to
file certain continuous disclosure documents. Subsequently,
on October 3rd, 2018 the
TSXV Suspended trading of the Company's shares. The Company
is pleased to report that the CTO was revoked by the BCSC on
December 20th, 2018, upon the Company having filed
all outstanding documents.
Since that time the Company has been working with the TSXV to
reinstate trading of the Company's shares. As noted by the
TSXV, the Company is deficient in the following matters:
- The Company's board of directors does not meet the independence
criteria as set out in TSXV Policy 3.1, section 5.7 in that the
Company has only one independent director;
- The Company's audit committee does not meet the minimum
requirements of 3 directors and independence criteria as set out in
TSXV Policy 3.1, section 21 (b) in that the Company has only 2
directors, one which is independent; and
- The Company has not held an AGM since September 8, 2017, and so is not in compliance
with TSXV Policy 3.2, section 4.1, which requires an AGM be held at
least every 15 months and at least once every calendar year.
To rectify the above matters, the Company has scheduled its next
AGM for March 11, 2019; at which
time, it will nominate at least one additional independent
director.
On Behalf of the Board,
Tajiri Resources Corp.
Graham
Keevil,
President, CEO
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.
This news release may contain forward-looking statements
based on assumptions and judgments of management regarding future
events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements. The Company disclaims any intention or obligation to
revise or update such statements.
SOURCE Tajiri Resources Corp.