Timberline 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.
Timberline Resources appoints Kiran Patankar as CEO Timberline Resources announced that it has appointed Kiran Patankar as Timberline's new president and CEO. Patankar will succeed Paul Dircksen, a founding member of the company's management, who will semi-retire and has been appointed as the company's new vice-president of Business Development and Technical Services. The appointments of Patankar and Dircksen will be effective on January 1, 2015. Patankar has spent the past 7 years in the investment banking industry in Canada.