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IIROC Halts CannaRoyalty Corp on Financing Deal

January 20, 2017

Last night at 4:04 PM Eastern Time, the Investment Industry Regulatory Organization of Canada (IIROC) halted trading in the CSE-listed shares of CannaRoyalty Corp. under the ticker (CSE:CRZ). Shares of CannaRoyalty Corp. trading over-the-counter under the ticker (OTC:CNNRF) are also halted currently. 

 

IIROC Halts

 

According to the release, "IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada."

 

Pending Deal

 

The reason listed was "pending news." We now know that this pending news was in fact a $15 million CAD bought deal financing round. $15 million CAD is equivalent to roughly $11,223,764 USD at current foreign exchange rates.  

 

Be sure to check back shortly for coverage on the CannaRoyalty financing deal. 

 

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Disclaimer

 

The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever.The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

 

 

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