The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Tiger Resources Limited - Voluntary Delisting from Toronto Stock Exchange

Friday, April 26, 2013

Tiger Resources Limited - Voluntary Delisting from Toronto Stock Exchange

04:22 EDT Friday, April 26, 2013

PERTH, Western Australia, April 26, 2013 /CNW/ - Tiger Resources Limited (ASX/TSX: TGS) advises that it has applied for the voluntary delisting of its securities from the Toronto Stock Exchange (TSX). TSX has confirmed that Tiger's securities will be delisted from the TSX and therefore no longer be traded on the TSX after the close of trading on Tuesday 30 April, 2013.

No change will occur to the quotation and trading of Tiger shares under the existing code "TGS" on the Australian Securities Exchange (ASX).

Following the delisting from TSX, the Canadian share register will be closed.  Further information in this regard is provided below.

Reasons for delisting

The decision to delist has been made due to the limited trading volume of Tiger's shares on the TSX over a sustained period of time and the low and declining level of ownership of Tiger shares (just over 1% presently) on the Canadian register. As such, the regulatory and other costs of maintaining the TSX listing can no longer be justified.

Implications for holders on the Canadian register

In order to trade their shares on the ASX, Canadian beneficial shareholders will need to have their holdings transferred to the Australian share register.

For beneficial shareholders who hold their shares through a broker or other intermediary which is a CDS participant, the CDS participant/broker must complete and submit the "Register Removal Request — Canada to Australia" on the shareholder's behalf.

Until a transfer to the Australian register is effected, shareholders on the Canadian register and beneficial shareholders holding their securities through a CDS participant/broker will not be able to trade their shares on ASX and their holdings will remain on the Canadian share register.

Shares held on the Canadian register which have not been transferred by 31 May 2013 will automatically be transferred to an Issuer Sponsored Holding on the Australian share register.

Questions regarding the transfer process may be directed to Computershare's Global Transaction Unit on (+1) 781 575 4086 or toll-free if calling from within Canada and the United States on (+1) 866 277 2086.


SOURCE: Tiger Resources Limited

For further information:

For further information in respect of the Company's activities, please contact:

Brad Marwood  
Managing Director 
(+61 8) 6188 2000
 bmarwood@tigerez.com

Stephen Hills  
Finance Director 
(+61 8) 6188 2000 
shills@tigerez.com

Nathan Ryan  
Investor Relations 
(+61 0) 420 582 887 
nryan@tigerez.com

Company website: www.tigerresources.com.au

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections