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Stock Market & Financial Investment News

News Breaks
February 14, 2013
05:36 EDTENDEndeavour to review strategic alternatives including possible sale or merger
Endeavour announced that its board has authorized the company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. Endeavour will consider a full range of options in order to unlock the value underlying the company's assets, including a sale, joint venture or partnership in respect of the company's activities in the North Sea, a sale of specific assets, a sale or merger of the company, or continuing to execute on the company's operational plan.
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September 18, 2014
07:55 EDTENDEndeavour receives notice of non-compliance with NYSE listing standards
Endeavour has been notified by the NYSE that it is not in compliance with two of the NYSE's continued listing standards. The NYSE requires that the average closing price per share of a listed company's stock be in excess of $1.00 for a consecutive 30-trading day period. Under this continued listing criteria, Endeavour has a period of six months, subject to possible extension, to bring its average share price back over $1.00. The company's common stock expects to be listed and traded on the NYSE during this period. In addition, the company's total market capitalization has averaged less than $50M over a consecutive 30 trading-day period and its last reported shareholders' equity was also below $50M. Endeavour has 45-days from receipt of the NYSE notice to submit a business plan to the NYSE demonstrating how it intends to comply with the NYSE's continued listing standards. The company's stock expects to trade on the NYSE during the plan period.

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