Xcite Energy announced voluntary delisting from TSX-V

Xcite Energy Limited, BVI-registered oil exploration and development company, has applied for voluntary delisting of its ordinary shares from the TSX Venture Exchange. Company’s ordinary shares will remain listed on the AIM market of the London Stock Exchange.

The reason for delisting is the opinion of company’s directors that the minimal trading activity of ordinary shares of the BVI company on the TSX-V market no longer justifies the expense and administrative requirements needed for keeping both listings, and that AIM listing provides sufficiently liquid market to company’s shareholders.

It is expected that Xcite’s ordinary shares will be delisted from the TSX-V at the close of trading on 30 September 2015. The company will also replace its Canadian share register with a new share register in the British Virgin Islands, maintained by Computershare Investor Services (BVI) Limited. The Canadian share register will stay open until 30 November.

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