Pan American Fertilizer Corp. confirms that, effective May 8, 2014, the TSX Venture Exchange has suspended trading in the Company as a result of a Cease Trade Order (CTO) issued by the British Columbia Securities Commission.
This suspension of trading by the Exchange is a direct result of the company’s delayed filing of its Year End 2014 financials announced in its April 30, 2014 press release.
Reinstatement to trading can only occur when the CTO is revoked and the Exchange has concluded its reinstatement review to ensure that the company has satisfactorily complied with Exchange requirements.
The company anticipates that reinstatement will occur once the Company has completed its 2013 financial filings which are anticipated to be completed before the end of May, 2014.
Pan American is a Canadian company dedicated to providing fertilizer to growing global markets specifically in South and Central America. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate, also referred to as agricultural gypsum, in Argentina.