UPDATE: OPTI Canada Flat as Starts Trading on TSXV Today
OPTI Canada Inc. (OPC.V) announced over the weekend that the company's listing application for the TSX Venture Exchange had been approved. The common shares of OPTI commenced trading on the TSXV effective upon the open of trading today. It has touched a day high 12.5 cents and a day low 11 cents with more than 1 million shares traded.
The company's listing on the TSXV followed OPTI's delisting from the Toronto Stock Exchange effective at the close of market on August 26, 2011 for failure to meet the continued listing requirements of the TSX as a result of OPTI's proceedings under the Companies' Creditors Arrangement Act announced on July 13, 2011.
OPTI said its listing on the TSXV will not affect the payment equal to US$0.12 per common share as outlined in the company's transaction announcement on July 20, 2011. The transfer of shares from the TSX to the TSXV will occur automatically for existing common shareholders.
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