TORONTO, April 13 /PRNewswire/ - MaxLife Fund Corp. (MXFD) announced today the filing of a Form 15 with the Securities and Exchange Commission (the "SEC"). MXFD filed the Form 15 with the SEC in order to effect a termination of registration of its common stock under the Securities and Exchange Act of 1934.
Upon the filing of Form 15, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, were immediately suspended. The Company expects the registration of its common stock will be terminated 90 days after the filing of Form 15 with the SEC. The Company's shares are quoted on the OTCQB quotations system.
MXFD is taking action for a number of reasons. Suspending the Company's SEC reporting obligations will allow it to avoid substantial legal, accounting and other expenses associated with reporting compliance. Additionally, the April 8 - April 21, 2011 trading suspension of our common stock by the SEC and accompanying press release, will likely hinder our operations moving forward.
MaxLife Fund Corp.
SOURCE MaxLife Fund Corp.