On Wednesday, The Limestone Boat Company Limited (OTCMKTS:LMSBF) was in the news after it came up with a major new announcement. The company announced yesterday that it was making efforts to terminate the listing of its stock from the OTCQB Venture Market trading platform.
The Limestone Boat Company Announces Intention to Delist From OTC Trading Platform
Even though the company intends to delist the stock from the OTCQB Venture Market, the stock is going to continue to trade on the TSX Venture Exchange. The company noted that its board of directors reached the decision after taking into consideration a range of factors. Two of the significant factors were the listing fee and the administrative that had become necessary to be in compliance with the listing requirements of the exchange.
The Limestone Boat Company also noted that it would provide more details to the market once the delisting from the OTCQB platform is concluded. It is a publicly traded company, which is best known for being the owner and builder of the Limestone Boats. It is listed on the TSX Venture Exchange under the ticker symbol BOAT. At this point, it is still listed on the OTCQB Venture Market and its ticker symbol on the exchange is LMSBF.