Frontline Technologies Inc., a provider of innovative technology solutions serving the professional, financial and investment banking communities across Canada, announces that it has been notified by the Toronto Stock Exchange (the “TSX”) that the TSX is reviewing the eligibility for continued listing on the TSX of Frontline’s common shares.
The Company has not met the requirement that the market value of Frontline’s freely-tradable, publicly held securities should be more than $2.0 million and the market value of listed securities should be more than $3.0 million over any period of 30 consecutive trading days. Frontline is being reviewed by the TSX’s Remedial Review Process and has been granted 120 days to comply with all requirements for continued listing.
The company is actively working towards meeting the TSX minimum requirements within the granted time and is also reviewing listing criteria for other Canadian stock exchanges. Shareholders will be kept advised of the status of Frontline’s TSX listing and other developments affecting Frontline as the process advances.