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Pioneer Media Holdings Inc. (“Pioneer” or the “Company”) is pleased to announce that it has submitted an initial application to list its common shares (the “Common Shares”) on the NEO Exchange (“NEO Exchange”), a tier one Canadian stock exchange based in Toronto.
Michael Edwards, CEO of Pioneer, noted “this is an exciting time for the Company, and we are delighted to be listing with the NEO Exchange, known as Canada’s stock exchange for the innovation economy, which embodies our shared values of innovation and excellence.”
Pioneer believes that the graduation from CSE to the NEO Exchange, will enable the Company’s Common Shares to be traded on a senior exchange in Canada, providing exposure to an increased number of retail and institutional investors. The Company anticipates that after listing on the NEO Exchange its Common Shares will trade under the symbol “JPEG”. In connection with the migration the Company will arrange for the delisting of its Common Shares from the Canadian Securities Exchange ("CSE"). This transition is not expected to impact current investors’ ability to trade shares of Pioneer.
Listing on the NEO Exchange is subject to the Company fulfilling all of NEO Exchange’s listing requirements, including the minimum distribution requirements. There is no assurance or guarantee that Pioneer will be successful in obtaining listing approval from the NEO Exchange.
The directors take responsibility for this announcement.
