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TSX reinstates Royal Standard

NNBW Staff

The Toronto Stock Exchange has reinstated the shares of Royal Standard Minerals of Sparks for trading.

The exchange halted trading in Royal Standard shares in December, and suspended trading in early January after a cease-trade order was issued by the British Columbia Securities Commission.

The commission claimed Royal Standard violated disclosure requirements.

The company late last month clarified and retracted statements it made in press releases, and the commission lifted its order barring trading.

The company said it now will require its board of directors to more closely supervise its operations.