RIMOUSKI, Jan 26, 2015 - Following the recent appointment of a receiver and manager for the assets of Ressources Appalaches (Appalaches), and as Appalaches has not maintained the requirements for a TSX Venture Tier 1 company, Appalaches received a notice from the TSX Venture that the shares of the Company will be transferred to NEX and be suspended effective today.
Consequently to this situation, all members of the Board of Directors have submitted their resignation. The directors took this decision after thorough consultation with their advisors and extensive consideration of all other alternatives contemplated in the strategic review process.
All inquiries about this matter shall be directed to the Halifax office of Ernst &Young (E&Y), attention of George Kinsman. Public materials associated with the receivership administration can be accessed via E&Y web site at www.ey.com/ca/ressourcesappalaches.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.
This press release may contain certain forward-looking statements that include elements of risk and uncertainty. Consequently, actual results may differ substantially from those anticipated in such statements. These risks and uncertainties are described in the quarterly and annual reports, and in the documents submitted to the securities administration.
Contact
Halifax office of Ernst &Young (E&Y) George Kinsman www.ey.com/ca/ressourcesappalaches
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RIMOUSKI, Jan 26, 2015 - Following the recent appointment of a receiver and manager for the assets of Ressources Appalaches (Appalaches), and as Appalaches has not maintained the requirements for a TSX Venture Tier 1 company, Appalaches received a notice from the TSX Venture that the shares of the Company will be transferred to NEX and be suspended effective today.
