Ram Power Announces Notification of TSX Continued Listing Review (News Release)
Ram Power, Corp. announced today that it has been notified by the Toronto Stock Exchange (TSX) that it is being placed under delisting review in respect of its common shares and common share purchase warrants.
The TSX has advised the Company that it is reviewing whether the Company meets the TSX's continued listing criteria in the following areas: (i) the Company's financial condition and operating results; (ii) whether the Company has adequate working capital and an appropriate capital structure; (iii) whether the Company's common shares have an appropriate trading price and minimum public float; and (iv) the fact that the Company has an interim chief executive officer (i.e. its Executive Chairman) and interim chief financial officer.
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