Orbite Aluminae Message Board

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Gold/Mining/Energy : Orbite Aluminae

EORBF 0.000001000

-99.7%

May 27 12:27 PM EST

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From: Sultan	5/16/2017 6:50:06 PM
	Read Replies (1) of 6560

Orbite Securities Delisted from TSX - Company in Process to List on NEX MONTREAL, QUEBEC--(Marketwired - May 16, 2017) - Orbite Technologies Inc. ("Orbite" or the "Company") (OTCQX:EORBF) announces that further to its press release of April 17, 2017, the Toronto Stock Exchange ("TSX") has de-listed its securities as of the close of business today for failure to meet the continued listing requirements of the TSX. The Company has filed to have its common shares listed on the NEX board towards a possible relisting, as a first step, on the TSX Venture Exchange ("TSX-V") when and if the Company emerges from creditor protection and meets the listing requirements of the TSX-V. The listing on the NEX board is expected to become effective in the next few days however trading will remain suspended until further notice. It is expected that the listing on the NEX board will allow the Company to file for the listing of its common shares on the TSX-V, on a simplified and cost-efficient basis. There can be no guarantees that the Company will be successful in obtaining the listing of its common shares on the TSX-V or on any other stock exchange. The Company is currently under the protection of the Companies Creditors Arrangements Act and the Initial Order issued provides for an initial stay of all proceedings until May 29th, 2017 and appoints PricewaterhouseCoopers as monitor of the business and financial affairs of the Company. The Company's goal remains to put in place the required financing to emerge from insolvency protection and protect the interests of all stakeholders, including its shareholders. orbitetech.com

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