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Stock Market & Financial Investment News

News Breaks
February 17, 2014
11:14 EDTTLRTimberline announces Hard Rock operating permit update
Timberline Resources announced that the Montana Department of Environmental Quality, MDEQ, has provided an updated schedule anticipated for completion of the Final Environmental Impact Statement for the Butte Highlands Joint Venture, BHJV, s proposed underground gold mine in the Highland Mountains south of Butte, Montana. The Final EIS is a critical remaining step toward receipt of a Final Hard Rock Operating Permit for the Project. The company also announced recently received assay results from drilling completed in preparation for advancement of mining to the proposed bulk sample area. The MDEQ has provided the company a revised estimate that completion of the Final EIS will be before the end of March. The agency currently continues evaluation and response to public comments provided following release of the Draft EIS in October, 2013. Two weeks after release of the Final EIS, the MDEQ will prepare a Record of Decision document after which the project bond can be issued. The Final HROP would be signed by the Director of the MDEQ immediately thereafter allowing commencement of production. Timberline also announced additional results from underground drill holes completed in 2013. Hole BHUG13-003 was drilled to confirm continuity of mineralization within the main zone in the proposed bulk sample area. The hole also intercepted the lower, footwall zone where assays confirm significant mineralization.
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January 27, 2016
05:10 EDTTLRTimberline Resources announces vountary delisting from NYSE
Timberline Resources announces its intention to file a Form 25 with the SEC to voluntarily withdraw its common shares from listing on the NYSE MKT. Timberline expects to file the Form 25 on February 5, 2016 and expects the delisting to be effective approximately 10 days after the filing of the Form 25. The voluntary delisting is part of Timberline's on-going emphasis on cost control and cash conservation. It is intended to simplify the company's administrative requirements and to reduce listing fees and legal and administrative costs associated with the listing of the common shares on two different stock exchanges. In addition, Timberline considered the fact that the company's financial condition is not in compliance with the continued listing requirements of the NYSE MKT and that the company had received a warning from the Exchange regarding its low share price. Potential resolutions may have required the company to undertake certain corporate or other actions primarily to meet such requirements which may not be in the best interests of Timberline or its shareholders. Therefore, Timberline's board determined that the costs and compliance obligations of maintaining a listing of the company's common shares on the NYSE MKT outweigh the benefits to Timberline and its shareholders at this time and have voted to withdraw the company's shares from listing on the Exchange. Timberline expects that its common shares will continue to trade on the TSX Venture Exchange under symbol TBR, and that its shares will be qualified for trading on the OTCQB Venture Marketplace with trading on the OTCQB commencing on February 16, which is the day following the effective date of the delisting from the NYSE MKT. Timberline has complied with all applicable state and federal securities laws in connection with the delisting and is expected to continue to file reports with Canadian securities regulators on SEDAR and with the SEC on EDGAR following the voluntary delisting
January 26, 2016
08:07 EDTTLRTimberline Resources says Scott Davis to succeed Randal Hardy as CFO
Timberline Resources announced that Scott Davis will succeed Randal Hardy as the company's CFO following a brief transition period. Hardy has resigned from his office effective January 19, 2016, but will remain available to the company during a period to ensure a smooth transition. Davis is a CPA, and CGA and a partner of Cross Davis & Company LLP Certified General Accountants, a firm focused on providing accounting and management services for publicly-listed companies.
08:06 EDTTLRTimberline signs LOI to sell 50% interest in Butte Highlands JV to NJMC
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