Lexington Biosciences Inc. (LXGTF)

[Tiredofbanks]

This is from the CSE policy link: Looks like they are already in the halting phase. They could suspend them anytime for 3 months, then possibly delist them if they don't meet requirements.

POLICY 3
SUSPENSIONS AND INACTIVE ISSUERS
1. Listing Agreement
1.1 The Listing Agreement authorizes the Exchange or the Market Regulator to halt
and authorizes the Exchange to suspend trading in a Listed Issuer’s securities
without notice and at any time or to delist the securities of a Listed Issuer if the
Exchange or the Market Regulator, as the case may be, believes it is in the
public interest.
2. Halts
2.1 The Exchange or the Market Regulator can order a trading halt to allow for public
dissemination of material news pursuant to Policy 5.
3. Suspensions
3.1 The Exchange may without any prior notice suspend trading in a Listed Issuer’s
securities if, at any time, the Listed Issuer fails to meet any of the requirements
as set out in CSE Policies; or the Exchange considers it in the public interest to
do so.
3.2 (a) Subject to section 5.3 for Inactive Issuers, if a Listed Issuer which has had its
securities suspended pursuant to this Policy 3 or otherwise has, within 90 days
from the date of such suspension,
(i) cured the default or breach that gave rise to the suspension and
(ii) paid the reinstatement fee set out in fee schedule of the Exchange,
the Listed Issuer’s securities may resume trading.
(b) The Exchange will extend the period of suspension for an additional 90 days if
the Exchange is satisfied that the Listed Issuer has made progress towards curing
the default or breach that gave rise to the suspension.
3.3 Throughout the period during which a Listed Issuer’s securities are suspended,
the Exchange will not allow quotation or trading by Dealers in the securities of the
Listed Issuer; the Exchange website will indicate that the Issuer’s securities have
been suspended. Dealers may quote or trade the securities of the Listed Issuer
on other marketplaces or over-the-counter unless prohibited under securities
legislation or UMIR.
3.4 Throughout the period during which a Listed Issuer’s securities are suspended,
the Listed Issuer must continue to comply with all applicable Exchange
Requirements.
4. Delisting
4.1 Following a 90 day suspension the Exchange will, without any prior notice, delist
a Listed Issuer’s securities unless the period of suspension has been extended in
accordance with Section 3.2(b) of this Policy.