SRHI Inc. Announces Conditional Approval of Listing Application on the TSX Venture Exchange and Pending Voluntary Delisting from the TSX
FOR IMMEDIATE RELEASE
SRHI Inc. Announces Conditional Approval of Listing Application on the TSX Venture Exchange and Pending
Voluntary Delisting from the TSX
(all amounts expressed in US dollars)
TORONTO, March 1, 2021 (TSX: SRHI) - SRHI Inc. ("SRHI" or the " Company”) announces that pursuant to Part VII,
Section 720 of the Toronto Stock Exchange (the “ TSX”) Company Manual (the “ Manual”), it has submitted an
application to the TSX for voluntary delisting (the " Voluntary Delisting Application") of the Company's common
shares ("Common Shares") and common share purchase warrants (the “ Warrants”) from the TSX . The Voluntary
Delisting Application is subject to TSX approval.
The Company instead intends to list its Common Shares and Warrants on the TSX Venture Exchange (the “ TSXV”)
and has received conditional approval from the TSXV to do so. The Company is currently addressing all outstanding
items to receive final approval of its application (the “Listing Application”) to list its Common Shares and Warrants
on the TSXV (the “TSXV Listing”).
The board of directors (the “Board”) and management of the Company believe that listing the Common Shares and
Warrants on the TSXV will be beneficial to the Company and its securityholders. The Board’s previous decision to
focus its efforts on being a pure -play copper mining company with its 70% owned Minera Tres Valles Copper
Project (“MTV” or the “Project”) located in Salamanca, Chile supports this transition to the TSXV. The TSXV is the
preferred stock exchange for junior mining companies providing streamlined access to capital, lower ongoing
listing fees and reduced administrative burden resulting in lower operating costs for the issuer.
The Voluntary Delisting Application is being made in conjunction with and is subject to SRHI receiving final
approval from the TSXV for the TSXV Listing. If SRHI 's Listing Application receives final appro val by the TSXV, it is
SRHI's intention to take all reasonable and prudent steps, as required and with assistance from and cooperation
with the TSX and TSXV, to list the Company’s Common Shares and Warrants on the TSXV without interruption or
delay. As a result, the Company is expec ting the delisting of its Common Shares and Warrants from the TSX to be
effective at the close of business on March 30, 2021 and begin listing its Common Shares and Warrants on the
TSXV on March 31, 2021. After this change, Common Shares and Warrants will only b e available for trading on the
TSXV.
Securityholder approvals of the Voluntary Delisting Application and the TSXV Listing are not required.
About SRHI Inc.
SRHI is a publicly-listed company based in Toronto and its principal operating business is its 70% equity interest in
the producing copper mine MTV in Salamanca, Chile. For more information about SRHI, please visit www.srhi.ca.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release contain forward-looking information (collectively referred to herein as the
"Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of t he
words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify Forward -Looking Statements. In particular, but without
limiting the foregoing, this news release contains Forward -Looking Statements pertaining to: the anticipated
approvals from the TSX and TSXV on the Company’s Voluntary Delisting Application and Listing Application , the
absence of interruptions or delays in the trading of securities of the Company, potential for streamlined access to
capital, lower ongoing listing fees and reduced administrative burden resulting in lower operating costs for SRHI.
Although SRHI believes t hat the Forward -Looking Statements are reasonable, they are not guarantees of future
results, performance or achievements. A number of factors or assumptions have been used to develop the
Forward-Looking Statements, including: the anticipated approvals fro m the TSX and TSXV on the Company’s
Voluntary Delisting Application and Listing Application , which approvals are not guaranteed . Although the
Company believes that the expectations and assumptions on which such Forward-Looking Statements and
information are based are reasonable, undue reliance should not be placed on the F orward-Looking Statements
and information as the Company cannot give any assurance that they will prove to be correct. Since Forward-
Looking Statements and info rmation address future events and conditions, by their very nature they involve
inherent risks and uncertainties . Actual results, performance or achievements could vary materially from those
expressed or implied by the Forward -Looking Statements should ass umptions underlying the Forward -Looking
Statements prove incorrect or should one or more risks or other factors materialize . Readers are cautioned that
the foregoing list of risks and uncertainties is not exhaustive. Other risk factors that could affect th e Company's
operations or financial results are included in the Company's A nnual Information Form dated March 3, 2021 and
may be accessed through the SEDAR website ( www.sedar.com). The forward-looking statements and information
contained in this news release are made as of the date hereof and the Company does not undertake any obligation
to update publicly or revise any forward -looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws.
You should not place undue importance on forward-looking information and should not rely upon this information
as of any other date. While the Company may elect to, the Company is under no obligation and does not undertake
to update this information at any particular time, except as required by law
For further information:
Michael Staresinic
President and Chief Financial Officer
T: (416) 943-7107
Renmark Financial Communications Inc.
Joshua Lavers: [email protected]
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Source: SRHI Inc.