Pearl River Holdings Limited

June 12, 2015 10:34 ET

Pearl River Advises of Reinstatement for Trading

LONDON, ONTARIO--(Marketwired - June 12, 2015) - Pearl River Holdings Limited ("Pearl River" or the "Corporation") (TSX VENTURE:PRH) is pleased to announce that the TSX Venture Exchange (the "TSX-V") has approved the reinstatement of trading of the Corporation's common shares. Effective at the opening of the market on Monday, June 15, 2015, trading of the Corporation's common shares on the TSX-V will be reinstated.

As previously announced by the Corporation in a news release dated May 12, 2015, a temporary cease trade order was issued against the Corporation by the Ontario Securities Commission (the "OSC"), effective May 8, 2015. The OSC temporary cease trade order expired on May 26, 2015. Upon the lapse of the temporary OSC cease trade order, the trading of the Corporation's common shares remained suspended until the Corporation met the requirements of the TSX-V for reinstatement of trading, which requirements have now been satisfied.

About Pearl River

Pearl River, through its subsidiary, is in the business of manufacturing and distributing plastic products in China, Australia and the United States.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in respect of the reinstatement of trading on the TSX Venture Exchange of the Corporation's common shares and the timing of such events. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Corporation's current beliefs and is based on information currently available to the Corporation and on assumptions the Corporation believes are reasonable. These assumptions include, but are not limited to: the ability of the Corporation to fulfil the requirements of the TSX Venture Exchange for the reinstatement of trading of the Corporation's common shares on the TSX Venture Exchange. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities; the actual results of current development or operational activities; competition; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Corporation; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of other assumptions used to develop such forward-looking information and a description of other risk factors that may cause actual results to differ materially from forward-looking information may be found in the Corporation's disclosure documents on the SEDAR website at The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Contact Information

  • Pearl River Holdings Limited
    Mr. George Lunick
    President and Chief Executive Officer
    (519) 679-1200