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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:38 EDTTLRTimberline Resources' plan of compliance accepted by NYSE
Timberline Resources announced that on March 21, the NYSE MKT notified the company that it accepted the company's plan of compliance and granted the company an extension until June 30 to regain compliance with the Exchange's continued listing standards. Based upon a review of the Plan and information submitted by the company, the Exchange determined that the company made a reasonable demonstration of its ability to make substantial progress toward regaining compliance with Section 1003(a)(iv) of the NYSE MKT Company Guide by the end of the revised plan period, which the Exchange has now determined to be June 30.
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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

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