TORONTO, Nov. 11,
2022 /CNW/ - Samco Gold Limited (TSXV: SGA.H)
("Samco" or the "Company") announces that, effective October 24, 2022, the listing of its common
shares ("Common Shares") has been transferred to the NEX board of
the TSX Venture Exchange (the "Exchange"), where trading in the
Common Shares will remain suspended, for failure by the Company to
maintain the listing requirements of the Exchange for a Tier 2
company.
Trading in the Common Shares will remain suspended until
reinstated by the Exchange (if at all), which will only occur once
(i) the Cease Trade Order has been revoked, and (ii) the Exchange
completes its reinstatement review of the Company and concludes
that the Company has satisfactorily complied with the applicable
listing requirements of the Exchange (if at all). In the meantime,
the trading symbol of the Common Shares on the Exchange has changed
from "SGA" to "SGA.H".
Samco continues to review and consider business opportunities
and its transfer to the NEX board will not materially impact this
strategy.
About Samco Gold Limited
Samco's legacy business was the acquisition, exploration and
development of precious metals properties in Argentina. Since approximately the fall of
2017, the Company has undertaken a process of divesting itself of
all of its legacy business interests, and it currently has no
significant assets. The Company's principal business activity has
been the identification and evaluation of opportunities to acquire
interests in other assets or businesses. Additional details with
respect to the Company are available on SEDAR (www.sedar.com) under
Samco's issuer profile.
Neither the Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Samco Gold Limited
