RS Technologies Inc. Announces Timing of Delisting of Shares from the NEX
24 Juni 2011 - 11:47PM
PR Newswire (Canada)
CALGARY, June 24, 2011 /CNW/ -- CALGARY, June 24, 2011 /CNW/ - RS
Technologies Inc. ("RS") (NEX - RS.H), a technology innovator and
manufacturer of advanced composite products for infrastructure
markets, announced today that it has received the requisite
shareholder approval for the voluntarily delisting of its common
shares from the NEX board of the TSX Venture Exchange (the
"Exchange"). The Exchange has issued a bulletin approving such
delisting and has advised that as at the close of trading on June
27 2011, the common shares will no longer be listed on the
Exchange. Subsequent to June 27, 2011, the common shares of RS will
not be listed and posted for trading on any marketplace and there
will be no public liquid market to trade the common shares. About
RS RS is an ISO 9001:2008 certified technology innovator that
develops advanced composite material products for infrastructure
markets. The composite products manufactured using the company's
proprietary resins and processes are typically lighter, more
durable and longer-lasting than competing products made from the
traditional building blocks of wood, steel or concrete. RS's
flagship product is its award-winning RStandard(® )composite pole.
The pole is used as transmission and distribution poles to carry
electric grids and as communication structures for various uses
including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at
www.grouprsi.com. "RStandard" is a registered trademark of RS.
Reader Advisory Certain information set forth in this news release,
including the intention of RS to apply to voluntarily delist its
common shares from the Exchange, contains forward-looking
statements which are based on RS's current internal expectations,
estimates, projections, assumptions and beliefs, which may prove to
be incorrect. Some of the forward-looking statements may be
identified by words such as "expects", "anticipates", "believes",
"projects", "plans" and similar expressions. These statements are
not guarantees of future performance and undue reliance should not
be placed on them. Such forward-looking statements necessarily
involve known and unknown risks and uncertainties, which may cause
RS's actual performance in future periods to differ materially from
any projections of future performance or results expressed or
implied by such forward-looking statements. These risks and
uncertainties include, among other things, the delisting occurring
on a different date than disclosed herein. The forward-looking
statements are made as of the date hereof and RS assumes no
obligation to update or revise such statements to reflect new
events or circumstances except as required by applicable securities
laws. To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/June2011/24/c9181.html p
RS Technologies Inc.br/ Laurien Abel, Investor Relations and
Communicationsbr/ Tel: (403) 219-8000 Fax: (403) 219-8001br/
Email: a href="mailto:info@grouprsi.com"info@grouprsi.com/a /p
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