Bestar switching to Canadian National Stock Exchange
Furniture source has been on Toronto exchange
Michael Knell -- Furniture Today, October 22, 2009
LAC-MEGANTIC, Quebec — Ready-to-assemble furniture specialist Bestar Inc. has announced that it will list its common shares on the Canadian National Stock Exchange (CNSX) as soon as possible.
Earlier this year, the Toronto Stock Exchange advised Bestar that it was under review as the market value of its publicly held securities had been below $2 million for more than 20 days. TSX had also given the company until Oct. 30 to comply with all of its listing requirements. Failure to do so would result in the delisting of Bestar's common shares.
"As a result, the board of directors and management of Bestar have been examining alternatives to a TSX listing, including the possibility of listing the common shares of the company on either the TSX Venture Exchange or CNSX," the company said in a statement.
After meeting with the CNSX, the company has decided to apply to list its common shares on that exchange as soon as possible.
Located in Toronto, with offices in Vancouver, the privately held CNSX specializes in the listing and trading in the equities of emerging companies.
