- TRU Precious Metals (TRU) obtains conditional approval for TSX Venture Exchange Change of Business to Mining Issuer
- TRU intends to complete the change of business and resume trading the week of May 10, 2021
- Until final approval is obtained and a Final Exchange Bulletin is issued, trading in the common shares of TRU will remain halted
- TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold BeltTRU Precious Metals Corp. (TRU) is up 7.41 per cent and is trading at C$0.29 as of April 29, 2021.
TRU Precious Metals Corp. (TRU) has received conditional approval from the TSE for a business classification change from "investment issuer" to "mining issuer".
TRU Precious Metals has filed a filing statement dated April 29, 2021, together with a National Instrument 43-101 geological report on the Golden Rose Project.
TRU Co-Founder and CEO Joel Freudman commented,
"Today marks an important milestone for our company."
"We filed our initial comprehensive submission with the Exchange in early March shortly after completing our financing, and have aggressively advanced the Change of Business since, with thanks to the attentiveness and solutions-oriented approach of the Exchange, to secure conditional approval of our Change of Business in less than two months," added Freudman.
TRU intends to complete the Change of Business and resume trading the week of May 10, 2021.
The completion of the Change of Business remains subject to final approval by the Exchange and fulfillment of Exchange requirements, including among other things, obtaining shareholder approval of the Change of Business by way of written consents.
Until final approval is obtained and a Final Exchange Bulletin is issued, trading in the common shares of TRU will remain halted.
Upon resumption of trading, TRU will be listed on the Exchange as a Tier 2 "mining issuer". Its name and ticker symbol, "TRU", will remain the same.
Freudman added, "Alongside the Change of Business, we have been hard at work mapping out our 2021 exploration programs and building an exploration team to position TRU as a contender in the prolific Central Newfoundland Gold Belt."
"I would like to thank all our loyal shareholders, old and new, yet again for their continued patience, and we are looking forward to resuming trading in the near term," concluded Freudman.
TRU has assembled a portfolio of 5 gold exploration properties in the highly prospective Central Newfoundland Gold Belt.
TRU Precious Metals Corp. (TRU) is up 7.41 per cent and is trading at C$0.29 as of April 29, 2021.