China Zirconium Limited today announces that it has applied to the securities regulatory authorities in each of British Columbia, Alberta and Ontario for a decision deeming it to have ceased to be, a reporting issuer in such jurisdictions. As a reporting issuer under applicable Canadian securities laws, the Company is subject to Canadian filing and disclosure requirements in addition to those applicable under the laws of other jurisdictions and the requirements of The Stock Exchange of Hong Kong Limited (“SEHK”). If the decision is made, the Company will no longer be a reporting issuer in any jurisdiction in Canada.
The Company has undertaken to continue to send or provide to its security holders in Canada all disclosure material that is required to be sent or provided to Hong Kong resident security holders of the Company, in the same manner and at the same time, that such material is required to be sent or provided to Hong Kong resident security holders under applicable Hong Kong securities laws or SEHK requirements. This information is also available to the Company’s security holders through a filing system developed for the Canadian Securities Administrators entitled The System for Electronic Document Analysis and Retrieval at sedar.