Ya I think it should have been a "NR"
http://www.tmx.com/en/pdf/Policy2-5.pdf
1. Application of Continued Listing Requirements
1.1 General
Each Issuer must meet the CLR standards applicab
le to its category in order to remain listed in
either Tier 1 or Tier 2. The Exchange can move an
Issuer to a lower tier
or to NEX, designate an
industry segment, suspend trading
in, or delist the Listed Shares
of any Issuer which does not
meet applicable CLR.
Refer to section 2 for Tier 1 and Tier 2 CLR.
1.2 News Release Requirement
The Exchange deems movement of an Issuer from
one tier to another an
d any transfer of an
Issuer to NEX to be “Materia
l Information” under Policy 3.3
-
Timely Disclosure
. It may also be
a “material change” under applicable
Securities Laws. If an Issuer transfers to another tier or
receives notice from the Exchange of a pending tr
ansfer to NEX, the Issuer must issue a news
release announcing the tran
sfer and its resulting effect on any se
curities of the Issuer subject to
escrow.
1.3 Exchange Bulletin
The Exchange will issue Exchange Bulletins for any
move by an Issuer from one tier to another.
The Exchange will also issue an Exchange Bulletin
when an Issuer is put on notice for transfer of
its listing to NEX.
