09:36:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Timberline Resources Corp
Symbol TBR
Shares Issued 55,645,778
Close 2014-03-21 C$ 0.175
Market Cap C$ 9,738,011
Recent Sedar Documents

Timberline's NYSE listing deadline extended to June 30

2014-03-25 08:35 ET - News Release

Mr. Paul Dircksen reports

TIMBERLINE'S PLAN OF COMPLIANCE ACCEPTED BY NYSE MKT

On March 21, 2014, the NYSE MKT LLC notified Timberline Resources Corp. that it accepted the company's plan of compliance and granted the company an extension until June 30, 2014, to regain compliance with the exchange's continued listing standards.

Based upon a review of the plan and information submitted by the company, the exchange determined that the company made a reasonable demonstration of its ability to make substantial progress toward regaining compliance with Section 1003(a)(iv) of the NYSE MKT company guide by the end of the revised plan period, which the exchange has now determined to be June 30, 2014.

As previously announced, the company had received notice from the exchange that the company is not in compliance with one of the exchange's continued listing standards, specifically Section 1003(a)(iv) of the company guide, in that it has sustained losses which are substantial in relation to its overall operations or its existing financial resources, or its financial condition has become impaired such that it appears questionable, in the opinion of the exchange, as to whether the company will be able to continue operations and/or meet its obligations as they mature. In order to maintain its listing on the exchange, the exchange requested that the company submit a plan addressing how the company intended to regain compliance with Section 1003(a)(iv) of the company guide. The company subsequently submitted its plan and other requested information to the exchange.

The company's listing is being continued pursuant to an extension and will be subject to periodic review by staff of the exchange during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards of the exchange by the end of the extension period could result in the company being subject to the exchange's delisting procedures.

We seek Safe Harbor.

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