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Atlatsa Announces Intention to Terminate SEC Reporting Obligations
Jul. 08, 2016 08:51AM PST
Precious MetalsAtlatsa Resources (TSX:ATL) has announced that it will file a Form 16 with the United States Securities and Exchange Commission to terminate the registration of its common shares under Section 12(g) of the Securities Exchange Act of 1934 and its reporting obligations under Section 13(a). As quoted in the press release: Management of the Company …
Atlatsa Resources (TSX:ATL) has announced that it will file a Form 16 with the United States Securities and Exchange Commission to terminate the registration of its common shares under Section 12(g) of the Securities Exchange Act of 1934 and its reporting obligations under Section 13(a).
As quoted in the press release:
Management of the Company is of the view that the costs associated with continuing the registration and reporting under the Exchange Act outweigh the benefits received by the Company from maintaining its registration.
The termination will become effective 90 days after the date of filing of the Form 15 with the SEC, or within such shorter period as the SEC may determine. Upon filing of the Form 15, the Company’s reporting obligations under the Exchange Act will be immediately suspended.
Click here to read the full press release.