Africa Oil Corp (AOIFF)

[Rule_62]

From what I can determine, the TSE (or TSX, if you will) doesn't have a minimum $1.00 share price level like the NASDAQ and NYSE. For that matter, even if it did, the current share price in $CDN is in the $2.30's.

I did find this table, which would suggest there's absolutely no threat to AOI being delisted. Even in the worst case scenario if it did reach that point, I suspect it would simply move back to the TSXV. I hope these pages are legible, you should be able to click on the image to see a larger version).




Source: Going Public in Canada and Listing on the TSX and TSXV

(I can't validate whether that publication is 100% current, however the info can be validated against the links they provide in the footnotes)

I should know the TSX and TSXV regulations better than I do considering I am Canadian, but I've only been investing for a few years. Most of my investments are on US exchanges. Regrettably, due to a couple learning episodes I had occasion to become intimately familiar with the continued listing requirements for both the NASDAQ and NYSE :/

Mind you I did grow up in the Vancouver area, so I am familiart with the checkered past of the VSE (now the TSVX). It was pretty hard to grow up in that part of the country and not be familiar with such characters as The Pez :D