TORONTO, ONTARIO--(Marketwire - Nov. 20, 2008) - Strategic Resource Acquisition Corporation ("SRA" or the "Company") (TSX:SRZ)(TSX:SRZ.NT)(TSX:SRZ.NT.A) has been advised that the Listings Committee of the Toronto Stock Exchange ("TSX") has decided to delist the Company's common shares, 10% senior secured notes and 8% unsecured subordinated convertible notes (collectively, the "Securities") following a determination by the TSX that the Company no longer complies with the continued listing requirements of the TSX. The delisting will be effective at the close of market on December 19, 2008. The Company intends to investigate applying for a listing of the Securities on an alternative market such as the NEX.
Management is continuing the process of restructuring the Company's obligations with noteholders and other significant creditors with the objective of providing a comprehensive solution satisfactory to all stakeholders.
For further information, please email [email protected]. |
