Wenzel Downhole Tools Ltd.

Wenzel Downhole Tools Ltd.

November 15, 2005 18:40 ET

Wenzel Downhole Tools Ltd.: TSX Reviewing WZL Relist Application

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2005) - The Toronto Stock Exchange (TSX) has advised Wenzel Downhole Tools Ltd. (TSX:WZL) that it is reviewing, under its Remedial Review Process, the eligibility for continued listing on TSX of WZL's common shares. The TSX has granted WZL 30 days to comply with all its continued listing requirements, requesting in particular submissions from WZL regarding compliance with its listing agreement, its management and corporate governance processes. WZL is preparing its submission to the TSX as well as applying to the securities commission in Ontario and British Columbia for orders to revoke their cease trade orders.

The Company is listed on the TSX but is not trading due to the cease trading order disclosed in news releases dated March 23, 2004 and April 5, 2004.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release

Contact Information

  • Wenzel Downhole Tools Ltd.
    Harvie Andre
    President and CEO
    (403) 205-6696
    Wenzel Downhole Tools Ltd.
    Ron Dooley
    Chief Financial Officer
    (403) 205-6696
    (403) 265-8154 (FAX)