The Company incurred substantial legal and account
Post# of 1145
Posted On: 04/04/2014 11:32:53 PM
The Company incurred substantial legal and accounting fees related to the preparation and filing of Form 20-F with the U.S. Securities Exchange Commission (“SEC”). Legal fees relating to this SEC filing were $170,000 and accounting fees were $36,000. The filing of the Form 20-F occurred in February 2014 and was the first step in the Company’s plan to register the Company’s securities on a U.S. exchange. If successful, it is anticipated that this would result in more liquidity for the Company’s shares, access to other capital markets and greater visibility to prospective partners during the process of monetization. There can be no assurances that the Company’s shares will be registered on a U.S. exchange.
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