New Concept Energy, Inc. Receives NYSE Regulation Letter
December 20 2019 - 3:00PM
Business Wire
New Concept Energy, Inc. (NYSE American:GBR) announced that, on
December 17, 2019, the Company received notice from NYSE
Regulation, indicating that the Company is currently below
compliance with the NYSE American Exchange’s continued listing
standards of reported stockholders’ equity at December 31, 2018 and
losses from continuing operations in three of its four most recent
fiscal years ended December 31, 2018, as required by Section 1003
of the NYSE American Company guide. The Company has been afforded
the opportunity to submit a Plan by January 16, 2020, advising of
actions it has taken or will take to regain compliance with the
continued listing standards by December 17, 2020. The Company’s
plan is to include specific milestones, quarterly financial
projections and details related to any strategic initiatives it
plans to complete. Once the plan is submitted, NYSE Regulation will
review the plan and provide guidance to the Company of its
acceptance or lack thereof. The Company is in the process of
preparing the plan for timely submission by January 16, 2020 to
become in full compliance with all continued listing standards of
the NYSE American Exchange.
About New Concept Energy, Inc.
New Concept Energy, Inc. is a Dallas-based oil and gas company
which owns oil and gas wells and mineral leases in Ohio and in West
Virginia. For more information, visit the Company’s website at
www.newconceptenergy.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191220005417/en/
New Concept Energy, Inc. Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
New Concept Energy (AMEX:GBR)
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