Northstar Satisfies TSX Continued Listing Requirements
March 26, 2013
/CNW/ - The Toronto Stock Exchange (the "TSX") has informed Northstar Healthcare Inc. (NHC:TSX) that it has lifted the delisting review of Northstar's securities after determining that Northstar has fully complied with the TSX's continued listing requirements. Northstar's securities have not only met the minimum listing requirements of 712(b) but are now trading at a price that is more than double the amount required to maintain its listing.
In November of 2012, the TSX announced that it had automatically initiated a 120-day delisting review of Northstar's compliance with TSX Company Manual's 712 (b) related to the market value of publicly held (that is, non-insider held) Northstar securities. In February of this year, the TSX granted Northstar an additional 30 days to comply with this TSX continued listing requirement. Because of Northstar's current compliance with Company Manual Section 712(b) -- and all other TSX continued listing requirements -- the delisting review has been lifted.
Northstar's management extends its thanks to the TSX for its assistance and co-operation during the review period.
About Northstar Healthcare Inc.
Northstar partners with physicians in the ownership and management of ambulatory facilities and healthcare services. Northstar owns and manages interests in three ambulatory surgery centers, two in
and the third in
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SOURCE Northstar Healthcare Inc.