- Bee Vectoring Technologies (BEE) has received approval for its common shares to list on the Canadian Securities Exchange (CSE)
- The company will voluntarily delist its shares from the TSX Venture Exchange at close of market on August 20, 2020
- Bee Vectoring Technologies considers the CSE to be an exchange which better suits the company’s current capital market needs
- The company will start trading on the CSE, under the ticker code BEE, at market open on August 21, 2020
- Bee Vectoring Technologies (BEE) is up 1.39 per cent and is currently trading at C$0.36 per share
Bee Vectoring Technologies (BEE) has received approval for its common shares to list on the Canadian Securities Exchange (CSE).
The agricultural technology company is currently listed on the TSX Venture Exchange (TSXV). It has made its name as the pioneer of a natural precision agricultural system, which uses commercially reared bees to distribute biological pesticides.
Bee Vectoring will voluntarily delist its common shares from the TSXV at close of market on August 20, 2020.
The company will then begin trading its common shares on the CSE at market open on August 21, 2020. In order to ensure a seamless transition from one exchange to the other, Bee Vectoring will continue to use the same ticker code, BEE.
The move should not impede investors from buying or selling the company’s shares in any way.
Bee Vectoring’s decision to pursue a new listing is apparently due to the perception of CSE as an exchange which fits better with the company’s current capital market needs.
The company’s CEO, Ashish Malik, commented on BVT’s impending move to a new exchange, explaining the reasons behind it.
“We are delighted to be transitioning our listing to the Canadian Securities Exchange, an exchange that better suits our current capital market needs.
“We are incredibly excited about what is ahead for BVT, and look forward to continue updating our shareholders with new developments over the coming months,” he said.
Bee Vectoring Technologies (BEE) is up 1.39 per cent and is trading at C$0.36 per share at 12:46pm EDT.