An anonymous director reports
THOMPSON CREEK RECEIVES CONTINUED LISTING STANDARD NOTICE FROM THE NEW YORK STOCK EXCHANGE
Thompson Creek Metals Company Inc. received notification on July 6, 2015, from the New York Stock Exchange that the price of the company's common stock has fallen below the NYSE's continued listing standard. The NYSE requires that the average closing price of a listed company's common stock be above $1 per share over a consecutive 30-day trading period. As of July 6, 2015, the average closing price per share of the company's common stock over the preceding 30-trading-day period was 95 cents.
The company intends to respond to the NYSE within 10 business days with its intent to cure the deficiency. The company has six months to regain compliance with the NYSE continued listing requirements and avoid delisting. Management will actively monitor the stock price and evaluate all available options in order to regain compliance within the prescribed time frame. During the six-month period, the company's common stock will continue to be listed and traded on the NYSE, subject to compliance with the other listing standards. The NYSE notification does not affect the company's business operations or its SEC reporting requirements, nor does it conflict with or cause an event of default under any of the instruments governing the company's debt obligations. The company's common stock will continue to be listed and traded on the Toronto Stock Exchange.
We seek Safe Harbor.
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