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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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October 5, 2015
18:10 EDTTLRWaterton proposes to acquire Timberline Resources for 58c per share
In a regulatory filing announcing its 9.9% stake in Timberline Resources, Waterton Precious Metals Fund II announced it has signed a letter agreement dated September 13, pursuant to which it has expressed interest in acquiring all of the issued and outstanding shares of Timberline's common stock for cash consideration of 58c per share. Timberline has granted Waterton Precious Metals Fund II an exclusivity period until 30 days following receipt of certain due diligence materials to complete its due diligence review and for the execution of definitive agreements, which may include lock-up agreements. The company has also granted Waterton deal protections including a break fee of 5% of the aggregate value of the transaction.
18:00 EDTTLRWaterton Precious Metals Fund II reports 9.9% stake in Timberline Resources
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