VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Paget Minerals Corp. (“Paget”) (TSXV:PGS.H) (the “Company”) is advising that, in accordance with TSX Venture Exchange Policy 2.5, the Company has not maintained the requirements for a Tier 2 Company. Effective as of market opened on Tuesday, November 14, 2017, the Company's listing has been transferred to the NEX Board (“NEX”) of the TSX Venture Exchange (the “TSXV”), the Company's Tier classification changed from Tier 2 to NEX, and the Filing and Service Office changed from Vancouver to NEX.
The trading symbol for the Company was changed from PGS to PGS.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSXV. As of November 14, 2017, the Company is also subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
NEX is a separate board of the TSXV for companies previously listed on TSXV or Toronto Stock Exchange which have failed to maintain compliance with the ongoing financial listing standards of those markets. NEX has been designed to provide a forum for the trading of publicly listed shell companies while they seek and undertake transactions in furtherance of their reactivation as companies which will carry on an active business.
About Paget Minerals Corp.
Paget Minerals Corp. is a publicly traded company focused on mineral exploration and, as a prospect generator, continues to identify and acquire target properties in Canada and the Americas Cordillera.
On behalf of the Board
“Mark T. Brown”
Paget Minerals Corp.
For further information, contact:
Paget Minerals Corp.
Tel: (604) 687-3520
Fax: (888) 889-4874
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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.