05:51:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Burcon NutraScience Corp
Symbol BU
Shares Issued 37,827,175
Close 2017-08-25 C$ 0.68
Market Cap C$ 25,722,479
Recent Sedar Documents

Burcon receives second Nasdaq letter of non-compliance

2017-08-25 16:39 ET - News Release

Mr. Paul Lam reports

BURCON NUTRASCIENCE ANNOUNCES RECEIPT OF NASDAQ LETTER REGARDING DEFICIENCY IN COMPLIANCE WITH CERTAIN LISTING RULES

Further to its news release on June 14, 2017, Burcon NutraScience Corp. received a second letter on Aug. 21, 2017, from the listings qualifications department of the Nasdaq Stock Market LLC notifying the company that it is not in compliance with Listing Rule 5450 (a)(1), which requires the listed securities of the company to maintain a minimum bid price of $1 (U.S.) per share. The company has not met this requirement for a period of 30 consecutive business days. The Nasdaq notification letter does not result in the immediate delisting of the company's common shares, and the shares will continue to trade uninterrupted under the symbol BUR.

The company has a compliance period of 180 calendar days, or until Feb. 19, 2018, to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the compliance period the company's closing bid price is at least $1 (U.S.) for a minimum of 10 consecutive business days, Nasdaq will provide Burcon with a written confirmation of compliance and the matter will be closed.

Burcon's management is reviewing various options available to the company, including regaining compliance and continued listing on the Nasdaq Global Market or applying for a transfer to the Nasdaq Capital Market.

About Burcon NutraScience Corp.

Burcon NutraScience is a leader in developing functionally and nutritionally valuable plant-based proteins. The company has developed a portfolio of composition, application and process patents originating from a core protein extraction and purification technology.

We seek Safe Harbor.

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