The trading halt will remain in place until the start of regular trading on Wednesday, August 12, or when an announcement is released to the market, whichever occurs earliest.
Shares last traded at 25 cents and since closing at 13 cents on July 6 have traded up to 28 cents at the close on August 3.
To re-list on OTCQB
Macarthur recently cleared the final regulatory hurdle for re-listing on the OTCQB and says this is now imminent.
Northland Securities Inc, which acts as the OTCQB Sponsor and Advisor to the company, has confirmed that Financial Industry Regulatory Authority (FINRA) Form 211 has been considered by FINRA.
This form was submitted in line with FINRA Rule 6432 and Rule 15c2-11 under the Securities Exchange Act of 1934 and follows Macarthur’s application to reinstate trading on the OTCQB
It is the final regulatory hurdle that needs to be cleared to enable Northland to initiate a price quotation on OTCQB for Macarthur under the ticker code MMSDF.