They are looking to report to the TSX Venture Exchange
BRAVADA Looks to Dual List its Shares on Canada’s TSX Venture Exchange as a Reporting Issuer to Coincide with its BRAVADA W...
Date : 07/20/2010 @ 4:08AM
Source : Business Wire
Stock : BRAVADA International Inc. (MFLI)
Quote : 0.0109 -0.0001 (-0.91%) @ 3:54PM
BRAVADA Looks to Dual List its Shares on Canada’s TSX Venture Exchange as a Reporting Issuer to Coincide with its BRAVADA W...
Bravada International, Ltd. Common Stock (USOTC:MFLI)
Historical Stock Chart
2 Months : July 2010 to September 2010
BRAVADA International Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that it is looking to develop a dual USA / Canadian stock listing by seeking to list its shares for trading on the Canadian TSX Venture exchange as a reporting issuer. BRAVADA is currently looking to expand its BRAVADA™ Women’s Athletica stores into Canada and listing its shares to trade on the TSX Venture Exchange as a reporting issuer would greatly expand its potential shareholder base across North America. Canada is a market that is very friendly to microcap companies that possess authentic and growing business plans in both the formation of capital as well as the regulatory environment. The Canadian TSX Venture Exchange is a vibrant exchange which requires companies to fully report and disclose audited financials, material change events and all corporate disclosures consistent with being a fully reporting issuer. Most important to BRAVADA, the regulatory environment is one that is fair and consistent that seeks the creation of shareholder value.
BRAVADA is currently looking to expand its BRAVADA Women’s Athletica stores into Canada and has done significant research into the Calgary market, a city that BRAVADA CEO Danny Alex is very familiar with. Calgary is one of Canada’s wealthiest cities and is thriving economically. Kelowna, British Columbia is also being considered as well as Toronto and Vancouver. Expansion plans into the United States market shall continue as well.
BRAVADA is choosing to up-list its shares and report to Canadian regulators as opposed to its United States counter-parts for a number of reasons. The Canadian financial and banking systems provide a strong environment to continue BRAVADA’s fast paced growth as well as an environment that it regards as friendlier to microcap companies. As well, the Canadian economy continues to be one of the fastest growing global economies.
“We intend to dual list BRAVADA on the Pink Sheets in the United States and the TSX Venture Exchange in Canada as a reporting issuer,” replied Danny Alex CEO of BRAVADA International. “Many factors influenced our decision both economic and regulatory. We want a fair and consistent regulatory environment by which we conduct our business and report to shareholders and the TSX Venture Exchange will allow us to greatly expand our shareholder base as we expand our BRAVADA Women’s Athletica stores and presence into Canada.”
BRAVADA shall report to shareholders any material developments in pursuing its TSX Venture Exchange listing. BRAVADA’s head office shall remain in Los Angeles.
About BRAVADA International Ltd (www.BravadaLtd.com)
BRAVADA International is a company specializing in innovative media, health, fitness and lifestyle products that owns and operates BRAVADA Women's Athletica, an exclusively women's fitness apparel retail store, BRAVADA Productions, Kardashian Khaos Celebrity Lifestyle Boutiques. BRAVADA also develops exciting brands through the creation of internet and television media content. BRAVADA is dedicated to providing the highest quality products, services and media that enriches and provides beneficial betterment for individuals, both physically and emotionally.
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