Global Light Telecommunications, Inc., a Canada corporation (“Issuer”), has filed an application with the Securities and Exchange Commission (“Commission”), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (“Act”)  and Rule 12d2-2(d) thereunder, to withdraw its Common Stock, no par value (“Security”), from listing and registration on the American Stock Exchange LLC (“Amex” or “Exchange”).
The Issuer stated in its application that it has met the requirements of Amex Rule l8 by complying with all applicable laws in effect in the Territory of Yukon, Canada, in which it is incorporated, and with the Amex's rules governing an issuer's voluntary withdrawal of a security from listing and registration. The Issuer states that it will continue listing its Security on the TSX Venture Exchange. The Issuer's application relates solely to the withdrawal of the Security from listing on the Amex and registration under Section 12(b)  of the Act or its obligation to be registered under Section 12(g) of the Act.
The Board of Trustees (“Board”) of the Issuer unanimously approved a resolution on June 28, 2002 to withdraw the Issuer's Security from listing on the Amex. In making the decision to withdraw its Security from the Amex, the Board states that the Company obtained an order in the Supreme Court of British Columbia granting it certain relief under the Companies' Creditors Arrangement Act in Canada, including a stay of proceedings and protection from creditors.
Any interested person may, on or before August 12, 2002, submit by letter to the Secretary of the Securities and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon whether the application has been made in accordance with the rules of the Amex and what terms, if any, should be imposed by the Commission for the protection of investors. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter.Start Signature
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.
Jonathan G. Katz,
[FR Doc. 02-18929 Filed 7-25-02; 8:45 am]
BILLING CODE 8010-01-P