In connection with its debenture financing in December 2008, the company disclosed that it had been informed by the TSX that it would, in the ordinary course, commence a de-listing review with respect to company’s common shares. Subsequently, the company’s management determined that as a result of certain factors, including market conditions, the company would not be able to satisfy all listing requirements of the TSX at the end of the review period. Accordingly, the company applied to the TSX for a voluntary de-listing and to the NEX for a listing of the company’s common shares on the NEX.
Polyair is a Canada-based manufacturer and distributor of protective packaging products.
