Minco Gold Receives Notification from the NYSE MKT
November 13, 2013 (Source: Marketwired) — Minco Gold Corporation (the “Company” or “Minco Gold”) (TSX:MMM)(NYSE MKT:MGH)(FRANKFURT:MI5) announced today that it has received notice from the NYSE MKT LLC (the “Exchange”) that if the Company does not adequately address the low selling price of the Company’s stock within a reasonable amount of time to the satisfaction of the Exchange, the Company will not satisfy the continued listing standards of the Exchange set forth in Section 1003(f)(v) of the NYSE MKT Company Guide (the “Company Guide”). The Company has not yet determined what action it will take in response to this notice.
There can be no assurance that the Company will be able to achieve compliance with the Exchange’s continued listing standards within the required time frame. If the Company is not able to regain compliance with the continued listing standards within a reasonable time after the date of the notice, the Company may be subject to delisting procedures as set forth in the Company Guide.
About Minco Gold
Minco Gold Corporation (TSX:MMM)(NYSE MKT:MGH)(FRANKFURT:MI5) is a Canadian mining company involved in the direct acquisition and development of high-grade, advanced stage gold properties. The Company owns a 51% equity interest in the Changkeng Gold Project through Guangdong Mingzhong Mining Co., Ltd (“Mingzhong”), the operating company for the Project.
The Company also owns a 100% interest in the Longnan projects with 10 exploration permits, located in Gansu Province, China; as well as 13 million shares (approx. 22.00%) of Minco Silver Corporation. For more information on Minco Gold and its properties, please visit the website at www.mincomining.ca.
Get our daily investorintel update
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>