SPRX - Sparx to Transfer Listing to NEX
(TheNewswire)
Vancouver, BC, Canada – TheNewswire - April 5, 2024 – Sparx TechnologyInc . (TSXV:SPRX) (“ Sparx ” or the“ Company ”) announces that it has been advisedby the TSX Venture Exchange (" Exchange ") thatits listing will be transferred to the NEX Board (“ NEX ”) of theExchange effective as of the opening of trading on April 8, 2024. Thetransfer to NEX is being made as a result of the Company not meetingthe criteria of Exchange Policy 2.5 - Tier 2 continued listingrequirements (" CLR "). NEX is a separate trading board ofthe Exchange which provides a trading forum for issuers that do notmeet the Exchange's CLR.
The Company's trading symbol will change from SPRX toSPRX.H on the effective date as a result of the transfer. The .Hsymbol extension differentiates NEX symbols from other symbols on themain stock list of the Exchange. There is no change in the Company'sname, no change to its CUSIP number and no consolidation of itscapital. Upon completion of the sale of the Company’s operatingassets and reorganization (see April 1, 2024 news release), theCompany will focus on reviewing and identifying new opportunities thatwill qualify the Company to return its listing to Tier 2 of theExchange.
On behalf of the Board
Al Thorgeirson
CEO and President
For further information, pleasecontact:
Al Thorgeirson
CEO and President
(403) 471-3503
Investor relations: investor@sparxtechnology.com
ABOUT SPARX:
Sparx is a publicly traded company currently undergoinga reorganization and once completed, will focus on identifying newopportunities.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Forward-LookingStatements
Statements included in this newsrelease, including statements concerning the Company’s plans,intentions, and expectations, which are not historical in nature, areintended to be, and are hereby identified as, “forward?lookingstatements”. Forward?looking statements may be, but are notalways, identified by words including “anticipates”,“believes”, “intends”, “estimates”, “expects” andsimilar expressions. The Company cautions readers thatforward?looking statements , are subject to certain risks anduncertainties that could cause actual results to differ materiallyfrom those indicated in the forward?looking statements. There can beno assurance that any forward-looking statement will prove to beaccurate or that management's assumptions underlying such statements or future developments, circumstances or results will materialize.The forward-looking statements included in this news release are madeas of the date of this news release and the Company does not undertaketo update or revise any forward-looking information included herein,except in accordance with applicable securities laws.
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