Shoal Point Energy (SHPNF) issued a clarification to their previous CEO letter regarding their listing expenses on the Canadian Securities Exchange (CSE). The company clarified that their earlier stated annual expenses of over $100,000 include not just listing fees, but also legal, accounting, and audit fees. Additionally, the company warned that they face an imminent Cease Trade order, which could result in delisting from the exchange if the default situation is not remedied.
Shoal Point Energy (SHPNF) ha pubblicato un chiarimento riguardo alla loro precedente lettera del CEO sulle spese di quotazione alla Canadian Securities Exchange (CSE). La società ha specificato che le spese annuali superiori a 100.000 dollari menzionate in precedenza includono non solo le commissioni di quotazione, ma anche costi legali, contabili e di revisione. Inoltre, l'azienda ha avvertito che è imminente un ordine di sospensione delle negoziazioni, che potrebbe portare alla cancellazione dalla borsa se la situazione di inadempienza non verrà risolta.
Shoal Point Energy (SHPNF) emitió una aclaración sobre su carta anterior del CEO relacionada con los gastos de listado en la Canadian Securities Exchange (CSE). La empresa aclaró que los gastos anuales superiores a 100,000 dólares mencionados anteriormente incluyen no solo las tarifas de listado, sino también honorarios legales, contables y de auditoría. Además, la compañía advirtió que enfrenta una orden inminente de suspensión de operaciones, lo que podría resultar en la exclusión de la bolsa si no se soluciona la situación de incumplimiento.
Shoal Point Energy(SHPNF)는 이전 CEO 서한에서 언급한 캐나다 증권 거래소(CSE) 상장 비용에 대해 설명을 발표했습니다. 회사는 이전에 언급한 연간 10만 달러 이상의 비용이 단순한 상장 수수료뿐만 아니라 법률, 회계 및 감사 비용도 포함된다고 명확히 했습니다. 또한, 회사는 미지급 상태가 해결되지 않으면 상장 폐지로 이어질 수 있는 거래 정지 명령이 임박했다고 경고했습니다.
Shoal Point Energy (SHPNF) a publié une clarification concernant leur précédente lettre du PDG au sujet des frais de cotation à la Canadian Securities Exchange (CSE). La société a précisé que les dépenses annuelles de plus de 100 000 dollars mentionnées précédemment incluent non seulement les frais de cotation, mais aussi les frais juridiques, comptables et d'audit. De plus, l'entreprise a averti qu'elle fait face à un ordre imminent de cessation des échanges, ce qui pourrait entraîner une radiation de la bourse si la situation de défaut n'est pas corrigée.
Shoal Point Energy (SHPNF) hat eine Klarstellung zu ihrem vorherigen CEO-Schreiben bezüglich der Notierungskosten an der Canadian Securities Exchange (CSE) veröffentlicht. Das Unternehmen stellte klar, dass die zuvor angegebenen jährlichen Ausgaben von über 100.000 US-Dollar nicht nur Notierungsgebühren, sondern auch Rechts-, Buchhaltungs- und Prüfungskosten umfassen. Zusätzlich warnte das Unternehmen vor einer bevorstehenden Handelssperre, die bei Nichtbehebung der Zahlungsrückstände zur Delistung führen könnte.
Positive
None.
Negative
Company faces potential Cease Trade order and delisting risk
High annual compliance costs exceeding $100,000 including listing, legal, accounting, and audit fees
Company appears to be in default of certain requirements
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2025) - In the CEO's letter released yesterday, the statement was made that "Total expenses to maintain our CSE listing amount to over $100,000 per year." We wish to clarify that listing fees are only part of that total, which includes legal fees, accounting fees, audit fees and more.
We also wish to clarify that the next likely step will be a Cease Trade order, which will ultimately lead to a delisting if the default is not corrected.
About Shoal Point Energy Ltd.
Shoal Point Energy Ltd. is a public company listed on the CSE exchange under the symbol "SHP". The company is suing the government of Newfoundland and Labrador for at least $483,000,000 for "de facto expropriation" or "constructive taking" of its rights to develop its oil and gas interests in western Newfoundland.
For further information, please contact: Mr. Mark Jarvis, Chief Executive Officer Tel - 604 681 2300
The Canadian Securities Exchange (CSE) has neither approved nor disapproved the contents of this letter to shareholders.
What is the current status of Shoal Point Energy's (SHPNF) CSE listing?
Shoal Point Energy is at risk of receiving a Cease Trade order and potential delisting from the CSE if their current default situation is not corrected.
How much does Shoal Point Energy (SHPNF) spend on maintaining its CSE listing annually?
The company spends over $100,000 annually on combined expenses including listing fees, legal fees, accounting fees, and audit fees.
What could happen if Shoal Point Energy (SHPNF) receives a Cease Trade order?
If Shoal Point Energy receives a Cease Trade order and the default is not corrected, it will ultimately lead to delisting from the CSE.
What types of fees are included in Shoal Point Energy's (SHPNF) annual listing expenses?
The annual expenses include CSE listing fees, legal fees, accounting fees, audit fees, and other related costs.
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
