RecycLiCo Battery Materials (“AMY” or the “Company”) reports that the B.C. Securities Commission has revoked the cease trade order issued against the Company’s securities due to the late filing of its financial statements for the nine months ended April 30, 2016. The financial statements and management’s discussion and analysis for the aforementioned period have now been filed on SEDAR and the Company applied for a reinstatement to trading. The TSX Venture Exchange (the “Exchange”) has advised that soon after the dissemination of this news release that it would be issuing an Exchange bulletin reinstating the Company’s securities for trading. The Company has received a notice from the Exchange that it has 90 days to re-organize itself to meet the continued listing requirements for a TSX Venture Tier 2 company or the Company’s Tier classification will change from Tier 2 to NEX.
The Company will be holding its next annual general meeting (“AGM”) at 11:00am, October 18, 2016 at 543 Granville Street, 5th floor, Vancouver, BC. Notice of the AGM will be posted on SEDAR shortly.
At the Company’s last AGM, shareholders approved amendments to the Company’s Articles to allow for Notice-and-Access mailing procedures and “Advance Notice” requirements with respect to director nominations. The Company has decided to defer such amendments to its Articles and will announce implementation of such changes if it elects to proceed.
About RecycLiCo Battery Materials
RecycLiCo Battery Materials is a diversified specialty and critical metal company focused on capitalizing on its patented intellectual property through low cost production or recovery of electrolytic manganese products throughout the world, and recycling of spent electric vehicle lithium-ion rechargeable batteries.
Interest in the Company’s patented process has adjusted the focus of RecycLiCo Battery Materials toward the examination of applying its patented technology for other purposes and materials. RecycLiCo Battery Materials aims to capitalize on its patented technology and proprietary know-how to become and industry leader in the recycling of spent electric vehicle lithium-ion batteries having cathode chemistries such as: Lithium-Cobalt, Lithium-Cobalt-Nickel-Manganese, and Lithium-Manganese.
On behalf of Management
RecycLiCo Battery Materials
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.