Advertisement
Canada markets close in 1 hour 41 minutes

  • S&P/TSX

    21,821.17
    -190.45 (-0.87%)
     

  • S&P 500

    5,072.46
    -43.71 (-0.85%)
     

  • DOW

    38,012.01
    -374.08 (-0.97%)
     

  • CAD/USD

    0.7269
    -0.0053 (-0.72%)
     

  • CRUDE OIL

    81.99
    -0.64 (-0.77%)
     

  • Bitcoin CAD

    86,000.88
    -925.06 (-1.06%)
     

  • CMC Crypto 200

    1,290.62
    -48.44 (-3.62%)
     

  • GOLD FUTURES

    2,307.70
    -50.00 (-2.12%)
     

  • RUSSELL 2000

    1,989.45
    -26.58 (-1.32%)
     

  • 10-Yr Bond

    4.6610
    +0.0470 (+1.02%)
     

  • NASDAQ

    15,809.47
    -173.61 (-1.09%)
     

  • VOLATILITY

    15.03
    +0.36 (+2.45%)
     

  • FTSE

    8,144.13
    -2.90 (-0.04%)
     

  • NIKKEI 225

    38,405.66
    +470.90 (+1.24%)
     

  • CAD/EUR

    0.6803
    -0.0021 (-0.31%)
     
MARKETS LIVE BLOG:

STOCKS SINK WITH FED IN FOCUS, AMAZON EARNINGS ON DECK

U.S. consumer confidence hits lowest level since July 2022

Coventry Resources Inc.: Redomicile from Canada to Australia

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) - Coventry Resources Inc. ("the Company") (CYY.AX) advises that the Company has been registered as an Australian company effective from May 25, 2016 ("Australian Continuance"). Pursuant to the Australian Continuance, the Company's name has also changed to Coventry Resources Limited.

The proposed continuance from Canada to Australia was previously approved by shareholders at the Company's Annual General and Special Meeting held on April 15, 2016. The Board considers that the Australian Continuance should generate significant cost savings and improve the administration and efficiency of the Company by having the majority of executive and personnel located in a single office in Australia. Further reasoning is that the majority of shareholders of the Company are Australian based and the Company trades only on the Australian Securities Exchange ("ASX").

ASX Timetable

As part of the Australian Continuance, Coventry's common shares will become fully paid ordinary shares ("Shares") on a 1:1 basis. All shareholders will then hold Shares directly in the Company rather than through the CHESS Depositary Interests ("CDIs") nominee and those Shares will be tradeable on ASX. Accordingly, all existing CDIs will be cancelled and new holding statements will be issued in support of the uncertificated shareholdings (in replacement for the existing CDI statements).

ADVERTISEMENT

The relevant ASX timetable is set out below:

Event

Business Day

Date

Announce re-domicile on ASX

0

May 27, 2016

Last day for trading in Coventry Resources Inc.
ASX to change name from Coventry Resources Inc. to Coventry Resources Limited

1

May 30, 2016

Trading in Coventry Resources Limited on a deferred settlement basis begins

2

May 31, 2016

Last day for Coventry to register transfers as Coventry Resources Inc.

3

June 1, 2016

First day for sending notices and holding statements and for registering securities as Coventry Resources Limited

4

June 2, 2016

Last day for securities to be registered and for notices to be sent
Deferred settlement trading ends

8

June 8, 2016