TORONTO, ON, CANADA, October 23, 2023 /EINPresswire.com/ — The Well Told Company Inc. (“Well Told” or the “Company”) (TSXV:WLCO; FSE:7HO), announces that additional to its press launch of April 11, 2023, and its suspension from buying and selling due to a Stop Commerce Order issued by the Ontario Securities Fee on Could 5, 2023, the change will transfer the Company’s securities to the NEX board by October 24, 2023, the place buying and selling will stay suspended, with out additional discover to the Company.
Additional to its information launch dated August 30, 2023, Well Told has been working the enterprise at minimal capability for a number of months with the hopes of a debt or fairness answer being discovered. Because of a failure to increase capital to fund operations, the Company has additionally been actively pursuing strategic options together with, however not restricted to, a potential sale or merger, or the sale or different disposition of sure of the Company’s property as a part of its technique to deal with its biggest alternatives. The Company engaged each an funding financial institution in addition to a capital markets advisor to help however these efforts haven’t resulted in any fast answer.
The firm’s board administrators and officers Simon Ashbourne, Linda Sawyer, Monica Ruffo and Betty Au Yeung have resigned efficient instantly.
Monica Ruffo
Well Told Well being
+1 4165582524
electronic mail us right here
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
