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Stock Market & Financial Investment News

News Breaks
May 23, 2014
08:07 EDTTLRTimberline Resources receives notice from NYSE
Timberline Resources announced that it has received notice from the NYSE that due to the Exchange's determination that the company's securities have been selling for a low price per share for a substantial period of time, pursuant to Section 1003(f)(v) of the NYSE MKT Company Guide, the company's continued listing is predicated on it effecting a reverse stock split of its common stock within a reasonable period of time, which the Exchange has determined to be no later than November 19. The Exchange did acknowledge in its notification letter that the company has disclosed its intention to seek shareholder approval for a reverse stock split of its common stock in connection with the company's proposed acquisition of Wolfpack Gold. The acquisition of Wolfpack U.S. is expected to close early in July. The reverse stock split contemplated as part of the arrangement to acquire Wolfpack U.S. is expected to alleviate the concerns of the Exchange within a reasonable period of time.
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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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