Dundee Energy Announces Extension Of TSX Continued Listing Review Period

Announced Date :  Jul 13, 2017


Dundee Energy Limited ("Dundee Energy" or the "Corporation") has announced that the Toronto Stock Exchange ("TSX") has agreed to provide the Corporation with a further 30 day extension of the previously announced continued listing review being undertaken by the TSX in respect of the Corporation's common shares.
The extension has been granted to provide the Corporation with additional time to further advance discussions with its lender. The Corporation is being reviewed under the TSX's remedial review process and has until August 14, 2017 to comply with all requirements for continued listing, including with respect to financial condition and operating results and market capitalization. If the Corporation cannot demonstrate that it meets all TSX requirements set out in Part VII of the TSX Company Manual on or before August 14, 2017, the Corporation's securities will be delisted 30 days from such date.

The Corporation intends to work diligently with the TSX during the specified period to demonstrate that the Corporation satisfies the requirements for continued listing. The Corporation is also continuing to investigate its qualifications to list its common shares on another Canadian stock exchange, however, there can be no assurance that the Corporation will be able to achieve compliance with the TSX's continued listing requirements within the required time frame or that the Corporation will be successful in securing a listing on another Canadian stock exchange.

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