News Release
TSX Delisting of Hollinger Inc. (HLG.C, HLG.PR.B) & Argus Corporation Limited (AR.PR.A, AR.PR.B, AR.PR.D)
JULY 23, 2008 (TORONTO) -- Pursuant to an Order issued on July 21, 2008 by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act, the Company and its monitor in those proceedings, Ernst & Young Inc., have been authorized to consent to the delisting of Hollinger Inc's Retractable Common Shares (Symbol: HLG.C) and Exchangeable Non-Voting Preference Shares Series II (Symbol: HLG.PR.B) (collectively the “Securities”). Accordingly, TSX will delist the Securities at the close of market on August 22, 2008 for failure to meet the continued listing requirements of TSX. The Securities of the Company are currently halted due to the imposition of a Cease Trade Order by the Ontario Securities Commission. In addition, the Securities have been suspended from trading by TSX effective immediately.
Pursuant to an Order issued on July 21, 2008 by the Ontario Superior Court of Justice (Commercial List) (the “Court”) the Company, by its receiver and manager, interim receiver and monitor, RSM Richter Inc., has been authorized by the Court to consent to the delisting of Argus Corporation Limited's Class A Preference Shares Series $2.50 (Symbol: AR.PR.A), Class A Preference Shares Series $2.60 (Symbol: AR.PR.D) and Cumulative Class B Preference Shares Series 1962 (Symbol: AR.PR.B) (collectively the “Securities”). Accordingly, TSX will delist the Securities at the close of market on August 22, 2008 for failure to meet the continued listing requirements of TSX. The Securities of the Company are currently halted due to the imposition of a Cease Trade Order by the Ontario Securities Commission. In addition, the Securities have been suspended from trading by TSX effective immediately.
About TMX Group Inc. (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy products. Toronto Stock Exchange (TSX), TSX Venture Exchange, Montreal Exchange (MX), Natural Gas Exchange (NGX), Shorcan and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community who access Canada's capital market. From its home base in Canada TMX Group reaches internationally, as its equity markets are the 7th largest in the world by market capitalization and list more resource companies than any other exchange group. TMX Group is headquartered in Toronto and maintains offices in Montreal, Calgary and Vancouver. For more information on TMX Group, visit our website at http://www.tsx.com.
Contact: TMX Corporate Communications, 1-888-873-8392, info@tsx.com.
