$DRWI,,,Now I see what you mean,,, DragonWave An
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Posted On: 08/02/2017 1:25:57 PM
$DRWI,,,Now I see what you mean,,,
DragonWave Announces Director Resignations and Delisting from TSX and NASDAQ
CNW Group CNW GroupAugust 1, 2017
OTTAWA , Aug. 1, 2017 /CNW/ - DragonWave Inc. (DRWI)(DRWI) ("DragonWave" or the "Company"
announces today that, effective immediately upon the appointment by the Ontario Superior Court of Justice of KSV Kofman Inc. as receiver (the "Receiver" over the business and assets of the Company, each of Peter Allen , Claude Haw , Cesar Cesaratto and Lori O'Neill have resigned from the Company's board of directors.
The Receiver has been advised that the Continued Listing Committee of the Toronto Stock Exchange ("TSX" has determined to delist the Company's common shares effective at the close of market on August 30, 2017 . The Receiver, on the Company's behalf, does not intend to appeal the decision.
In addition, NASDAQ Stock Market LLC ("Nasdaq" has issued a notice to the Company indicating its decision to delist the Company's common shares and to suspend trading in the common shares effective at the opening of business on August 2, 2017 , unless the Company requests an appeal of that decision. The Receiver, on the Company's behalf, does not intend to appeal the decision.
It is expected that the Company's shares will remain suspended from trading on both the TSX and Nasdaq.
All Court materials filed in the Company's receivership proceedings are available on the Receiver's website at: http://www.ksvadvisory.com/insolvency-cases/dragonwave-inc/.
New contact information. All future enquiries about the Company and its activities should be directed to the Receiver. Contact details are provided below.
Forward-Looking Statements
DragonWave Announces Director Resignations and Delisting from TSX and NASDAQ
CNW Group CNW GroupAugust 1, 2017
OTTAWA , Aug. 1, 2017 /CNW/ - DragonWave Inc. (DRWI)(DRWI) ("DragonWave" or the "Company"
announces today that, effective immediately upon the appointment by the Ontario Superior Court of Justice of KSV Kofman Inc. as receiver (the "Receiver" over the business and assets of the Company, each of Peter Allen , Claude Haw , Cesar Cesaratto and Lori O'Neill have resigned from the Company's board of directors. The Receiver has been advised that the Continued Listing Committee of the Toronto Stock Exchange ("TSX"
has determined to delist the Company's common shares effective at the close of market on August 30, 2017 . The Receiver, on the Company's behalf, does not intend to appeal the decision. In addition, NASDAQ Stock Market LLC ("Nasdaq"
has issued a notice to the Company indicating its decision to delist the Company's common shares and to suspend trading in the common shares effective at the opening of business on August 2, 2017 , unless the Company requests an appeal of that decision. The Receiver, on the Company's behalf, does not intend to appeal the decision. It is expected that the Company's shares will remain suspended from trading on both the TSX and Nasdaq.
All Court materials filed in the Company's receivership proceedings are available on the Receiver's website at: http://www.ksvadvisory.com/insolvency-cases/dragonwave-inc/.
New contact information. All future enquiries about the Company and its activities should be directed to the Receiver. Contact details are provided below.
Forward-Looking Statements
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'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
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