The Limestone Boat Company Announces Intention to Delist From OTC Trading Platform
March 01 2023 - 4:30PM
The Limestone Boat Company Limited (the "
Company")
(
TSXV: BOAT |OTCQB: LMSBF) today announced that it
intends to voluntarily terminate its listing services on the OTCQB
Venture Market ("
OTCQB") trading platform. The
Company's common shares remain listed for trading on the TSX
Venture Exchange. The Board of Directors of the Company have made
this decision after considering a number of factors including the
associated listing fee expenses and administrative burden required
to comply with ongoing OTCQB listing requirements.
The Company intends to file further updates to
the market once its delisting from the OTCQB platform is
confirmed.
About The Limestone Boat Company
Limited
The Limestone Boat Company Limited– owner and
builder of Limestone® Boats - is publicly traded on the TSX Venture
Exchange under the ticker symbol "BOAT" and on the U.S.-based
OTCQB® Venture Market under the ticker symbol "LMSBF". They are
headquartered in Collingwood, Ontario.
For more information, contact: Bill Mitoulas | Investor
Relations800-720-2395bill@limestoneboats.comwww.limestoneboatcompany.com
Scott Hanson | CEO of The Limestone Boat Company
Limited800-720-2395info@limestoneboatcompany.com
Neither the TSXV nor its Regulation
Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the
adequacy or accuracy of this news
release.
Cautionary
Note Regarding
Forward-Looking Information
Certain statements contained in this press
release constitute forward-looking statements or forward-looking
information (collectively, "forward-looking information"). These
statements relate to future events or future performance. The use
of any of the words “anticipate”, “believe”, “could” “should”,
“would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”,
“likely, “may”, “plan”, “potential”, “project”, “outlook”, “seek”,
“target”, “trend” or “will” and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the parties’
current belief or assumptions as to the outcome and timing of such
future events. Forward-looking information in this press release
include the delisting of the Company's common shares on the OTCQB
platform.
The forward-looking information contained in
this release is made as of the date hereof and the parties are not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information.
Such factors include, among others, risks related to the Company’s
proposed business, such as failure of the business strategy; risks
related to the Company’s operations, such as additional financing
requirements and access to capital; reliance on key and qualified
personnel, insurance, competition, intellectual property and
reliable supply chains; risks related to the Company and its
business generally as well as with respect to the proposed Credit
Financing.
The Company cautions that the foregoing list of
material factors is not exhaustive. When relying on the Company’s
forward-looking information to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. The Company has assumed a
certain progression, which may not be realized. It has also assumed
that the material factors referred to in the previous paragraph
will not cause such forward-looking statements and information to
differ materially from actual results or events. However, the list
of these factors is not exhaustive and is subject to change and
there can be no assurance that such assumptions will reflect the
actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN
THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF
THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. THERE CAN BE NO ASSURANCE THAT THE ACTUAL
RESULTS OR DEVELOPMENTS WILL BE REALIZED OR, EVEN IF SUBSTANTIALLY
REALIZED, WILL HAVE THE EXPECTED CONSEQUENCES TO, OR EFFECTS ON,
THE COMPANY. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
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