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TSX Venture Exchange Stock Maintenance Bulletins

CNW Group
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VANCOUVER, BC, Aug. 14, 2024 /CNW/ -

TSX VENTURE COMPANIES

BULLETIN V2024-2446

CULICO METALS INC. ("CLCO")
BULLETIN TYPE:  New Listing Shares
BULLETIN DATE:  August 14, 2024
TSX Venture Tier 2 Company [TSXV SANDBOX]

Culico Metal Inc.'s (the "Company") listing application dated August 12, 2024 (the "Listing Application") has been filed with and accepted by TSX Venture Exchange pursuant to TSXV Sandbox as outlined in the TSX Venture Exchange Bulletin dated May 13, 2024, and a copy of the Listing Application has been filed under the Company's profile on SEDAR+.

Effective at the opening Friday, August 16, 2024, the common shares of the Company will commence trading on TSX Venture Exchange.

Corporate Jurisdiction:               

Ontario



Capitalization:                             

An unlimited number of common shares in the capital of the Company with no par value of which 55,733,665 common shares are issued and outstanding.



Escrowed Securities:                 

1,199,857 common shares (the "Principal Securities")



Transfer Agent:                           

Computershare Investor Services Inc.



Trading Symbol:                         

CLCO



CUSIP Number:                         

22989Q101


The Company is a TSXV Sandbox issuer, classified as an "All other miscellaneous funds and financial vehicles" company (NAICS 526989).

TSXV Sandbox Specifics

Waiver granted:                         

"50% of available funds must be allocated to at least 2 specific investments" requirement applicable to applicants under the Investment category in Section 2.5 of Policy 2.1 - Initial Listing Requirements.

Specific Listing Conditions:       

1. The first release of escrowed Principal Securities is deferred until the date of the TSX Venture Exchange Bulletin accepting the exit from TSXV Sandbox (the "Exit Bulletin Date") with the application of the escrow release schedule retroactive to the original listing under TSXV Sandbox.


2. In addition to the vesting requirements in Policy 4.4 -  Security Based Compensation, no Security Based Compensation issued by the Company may vest before the Exit Bulletin Date; and


3. The Company is required to comply with certain enhanced disclosure requirements. 

Exit Conditions:                       

1. The Company has deployed 50% of the amount of available funds at the time of listing to 2 qualifying investments. 


2. No outstanding compliance or disclosure issues; and


3. Prior to the Exit Deadline (as defined below), the Company makes a formal application to TSX Venture Exchange for an exit review.  Exit from TSXV Sandbox is subject to satisfactory TSX Venture Exchange review and acceptance.

Exit Deadline:                           

August 16, 2025.


For further information, please refer to the Company's Listing Application available on SEDAR+.

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