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Gold/Mining/Energy : Pallet Pallet Inc.
PPAL 60.100.0%Sep 23 11:27 AM EST
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To: gennady who wrote (380)1/21/1998 4:25:00 PM
From: Brian Warner  Read Replies (1) of 451
 
I agree it's not great news. On the other hand, consider the expenses of a stock trading around .13-.15 on the TSE. The company release states that they intend to list on the Canadian Dealer Exchange, so all is not lost (at least yet).

newswire.ca

PALLET PALLET INC.

TORONTO, Jan. 21 /CNW/ - Pallet Pallet Inc. today announced two
developments which will be of interest to its shareholders.
The board of directors has approved changing the fiscal year-end of the
Company from May 31 to January 31 and the Company has requested Revenue
Canada's approval to such change of its fiscal year-end. The change is being
made so that the Company's financial year will better correspond with the
seasonality of its business.
The board of directors of the Company has also authorized the Company to
make application to delist its common shares from The Toronto Stock Exchange
and to apply to have its common shares quoted for trading on the Canadian
Dealing Network (CDN). The Company has found the costs associated with
maintaining a listing on The Toronto Stock Exchange to be very high relative
to the benefits derived from the listing. Because the Company intends to have
its common shares quoted for trading on CDN, shareholders will still have
access to an active trading market. The Company anticipates that it will
delist from The Toronto Stock Exchange and list on CDN in mid-February, but
will make a further announcement in this regard.

-30-

For further information: Mr. Timothy Fussner, Director, Pallet Pallet Inc., Telephone: (905) 279-5581,
Fax: (905) 270-7100
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