Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG), announces that the Toronto Stock Exchange (the "TSX") notified the Company that it has determined to delist the Company's subordinate voting shares (Symbol: CWG) from the TSX at the close of market on August 21, 2013 for failure to meet the continued listing requirements of the TSX. Specifically, the continued listing requirement that Craig Wireless failed to satisfy was maintaining the requisite market value of its public float, which was less than $2 million for 30 consecutive trading days.
The Company is currently in the process of seeking qualifications for listing on an alternative exchange and will provide an update in the following weeks as information becomes available.
