Chalice Brands Ltd (CHALF)

[JimofRidge]

Qualifications For Listing on The Canadian Stock Exchange Section 1.8 The exchange will not approve an Issuer for listing if any Related Persons, or investor relations persons associated with the Issuer have been convicted of fraud, breach of fiduciary duty,violations of securities legislation or any other activity that concerns the integrity of conduct unless the Issuer first severs relations with such persons to the satisfaction of the Exchange 1.9- The exchange may not approve an Issuer for listing if any Related Persons, or investor relations person (s) associated with the Issuer (a)have entered into a settlement agreement with a securities regulator or other authority (b) are known to be associated with other offenders,depending on the nature and extent of the relationship and the seriousness of the offense committed or (c)have a consistent record of business failures, particularly failures involving public companies. Unless the Issuer first severs relations with such persons (s) to the satisfaction of the Exchange 1.10 The Exchange may deem any person to be unaccptable to be associated in any manner with a Listed Issuer if the Exchange reasonably believes such association will give rise to investor protector concerns or could bring the Exchange into disrepute. Can't help thinking about the Bankruptcy of IEAM where a settlement was agreed to. In this bankruptcy Shareholderw were wiped out to the tune of $450 Million.