Altair Announces Revocation of CTO
Altair Announces Revocation of CTO
VANCOUVER, BRITISH COLUMBIA – November 1 3, 2020: ALTAIR RESOURCES INC. (“ALTAIR” or the
Company”) (TSX-V: AVX: Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Jeffrey Steiner,
on behalf of the Board, is pleased to report that on November 10 th 2020 the British Columbia Securities
Commission and Ontario Securities Commission issued a revocation revoking the cease trade order. As a result
of our compliance action plan A ltair is no longer in default in regard to any of its statutory filings with the
Securities Commissions.
The Company has made filings with the TSX Venture Exchange in order to have trading reinstated and has
been advised by the Exchange that it currently does not m eet continued listing requirements. The concerns
of the Exchange include not having an asset which meets Exchange listing requirements, not having adequate
working capital , not having a non-interim CFO and accordingly has been provided notice that if all deficiencies
are not dealt with by February 10, 2021 the company will be subject to tier movement from Tier 2 to NEX.
As announced October 23 rd the Company has been reviewing opportunities for acquisition of resource
properties. At this time its focus is on opportunities in Kazakhstan and Tajikistan and it has initiated due
diligence on a number of properties identified as possible acquisition targets. The Company will have to
conclude an agreement to acquire a property that meets Exchange requirements. The Company will have to
raise additional funds and it is working on this plan. At this time the Company has raised sufficient funds to
cure the cease trade order and keep the Company on the road to full compliance. With additional funding in
place the Comp any will hire a non -interim CFO but at this time the Company has the support necessary to
ensure compliance with all statutory filings.
ON BEHALF OF THE BOARD,
"Jeffrey Steiner"
Jeffrey Steiner, Board Chair and Interim President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This press release contains forward-looking statements with respect to the Company. By their nature, forward-
looking statements are subject to a variety of factors that could cause actual results to differ materially from
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the results suggested by the forward-looking statements. In addition, the forward-looking statements require
management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk
that the forward-looking statements will not prove to be accurate, that the management’s ass umptions may
not be correct and that actual results may differ materially from such forward-looking statements. Accordingly,
readers should not place undue reliance on the forward-looking statements.
Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”,
“expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions.
Forward-looking statements contained in this press release may include, but are not limited to, the completion
of the private placement and the Company receiving regulatory approval to the partial revocation order. These
forward-looking statements are based on a number of assumptions which may prove to be incorrect including,
but not limited to, the Company receiving regulatory approval to the private placement and the partial
revocation order application.
The forward-looking statements contained in this press release are made as of the date hereof or the dates
specifically referenced in this press release, where applicable. Except as require d by law, the Company does
not undertake any obligation to update publicly or to revise any forward-looking statements that are contained
or incorporated in this press release. All forward -looking statements contained in this press release are
expressly qualified by this cautionary statement.