NSX SILVER INC. ("NSY.H")
[formerly NSX Silver Inc. ("NSY")]
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: February 5, 2016
TSX Venture Tier 2 Company
Property-Asset or Share Disposition Agreement:
TSX Venture Exchange has accepted for filing the documentation of the Company relating to the sale to an arm's length purchaser of the shares of the Company's Mexican subsidiary, Compania Minera Oso Blanco SA de CV ("CMOB") in consideration of 2% NSR royalty on the eleven mining concessions held by CMOB and the assumption of all of the liabilities of CMOB by the purchaser.
The Company has issued a press release dated January 25, 2016 disclosing that the above transaction has been completed.
New Addition to NEX, Symbol Change:
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Monday, February 8, 2016, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX.
As of Monday, February 8, 2016, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from "NSY" to "NSY.H". There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The ".H" symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
The Company is classified as a "Gold and Silver Ore Mining" company. (NAICS Number: 21222).
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