Regarding the TSX senior listing, I am thinking about two things.
(1) The statement below. How can you have the next AGM in Oct. of this year and not have a listing. It would be embarrassing to Mr. Irwin. after the comment below.
During the proxy war last year:
"Mr. Warren B. Irwin, the President and Chief Investment Officer of Rosseau, stated: "Noront is a mining company with great potential based on its discovery in the McFaulds Lake area in the James Bay Lowlands, but it is suffering from a lack of focus and inadequate direction, oversight and leadership from Noront's existing board of directors and President and Chief Executive Officer. The time has come to provide Noront with the direction and leadership it requires through a new board of directors. The Rosseau Nominees have the right experience in prospecting, geology, exploration, mining, public companies, corporate development, corporate governance, capital markets and other matters to allow Noront to begin realizing on its full potential. They also all share one vision and commitment, which is to enhance value for the benefit of all shareholders of Noront."
- Noront has been unwilling or unable to deliver on several important initiatives to enhance shareholder value including finding a replacement for the President and Chief Executive Officer, obtaining a listing on the Toronto Stock Exchange and spinning off non-core assets to shareholders; "
(2) When did Aurelian Resources get their listing? Answer: Feb. 28, 2007. The stock price went from 60 cents to 30 bucks first. BUT, there were warrants tied to getting the TSX listing that became a lawsuit afterwards. There were reasons to delay the listing so warrants could not be exercised. With Noront we do not have these conditions. If you want to read the detailed story of the warrants and aurelian and the senior tsx listing issue a link below is provided.
(please read link below. May have to copy and paste on your browser).
http://www.aurelianclassaction.com/documents/DMSTORLegal_617672_1.pdf
I would be surprised not to see the listing before this year's AGM based on the derogatory statement made by Mr. Irwin.
