CALGARY,
AB, May 8, 2023 /CNW/ - Target Capital
Inc. (the "Company") (NEX:
TCI.H) announces that it has been successful in its
applications to the Alberta Securities Commission and the Ontario
Securities Commission (the "Securities Regulators") to
revoke the dual cease trade order issued on November 5, 2020 (the "Cease Trade
Order"). The Company previously announced its applications to
revoke the Cease Trade Order on April 18,
2022.
The Cease Trade Order was issued as a result of the Company's
failure to file its annual audited financial statements, annual
management's discussion and analysis and certification of annual
filings for the year ended March 31,
2020, as well as its interim unaudited financial reports,
interim management's discussion and analysis and certification of
the interim filings for the interim period ended June 30, 2020 (the "Required
Documents").
The Company has now filed the Required Documents and has
otherwise met its continuous disclosure obligations pursuant to
securities laws. Accordingly, the revocation of the Cease Trade
Order has been granted by the Securities Regulators.
About Target Capital
The Company is a Calgary,
Alberta based entity with a recently appointed interim
leadership team possessing the requisite skills and experience to
pursue a new corporate direction and leverage the Company's
existing assets, public listing and business to consummate one or
more accretive and strategic transactions that support a new
corporate direction. The Company's common shares are listed on the
NEX board of the TSX Venture Exchange under the trading symbol
"TCI.H".
Neither the TSX Venture Exchange nor its Regulations
Services Provides (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Target Capital Inc.