TSE suspends Cobatec

The Toronto Stock Exchange has suspended trading in Cobatec (CBT-T) for failure to keep up the exchange’s listing requirements.

Cobatec, which had been producing cobalt chemicals at a hydrometallurgical plant at Cobalt, Ont., was served with a Notice of Sale under its mortgage for failure to meet payments of $1.46 million. The company has applied to the Canadian Dealing Network to have its shares quoted. At the time of suspension, Cobatec was trading at 13 cents.