COLUMBUS, Ohio, July 3, 2014 /PRNewswire/ -- Oxford Resource
Partners, LP (NYSE: OXF) (the "Partnership" or "Oxford") announced
today that the New York Stock Exchange (the "NYSE") has notified
the Partnership that it has fallen below the NYSE's continued
listing standard relating to the price of its common units, which
requires a minimum average closing price of $1.00 per unit over any period of 30 consecutive
trading days. As of the NYSE closing on June 26, 2014, the 30 trading days average
closing price for the period ending on such date was $0.99 per unit.
The Partnership has timely notified the NYSE that it intends to
cure the deficiency. The Partnership has a period of six months to
regain compliance with the minimum unit price criteria. Under the
NYSE rules, the Partnership's common units will continue to be
listed on the NYSE during this period, subject to the Partnership's
compliance with other continued listing requirements.
About Oxford Resource Partners, LP
Oxford Resource Partners, LP is a low-cost producer of
high-value thermal coal in Northern Appalachia. Oxford markets its
coal primarily to large electric utilities with coal-fired,
base-load scrubbed power plants under long-term coal sales
contracts. The Partnership is headquartered in Columbus, Ohio.
For more information about Oxford Resource Partners, LP (NYSE:
OXF), please visit www.OxfordResources.com. Financial and other
information about the Partnership is routinely posted on and
accessible at www.OxfordResources.com.
SOURCE Oxford Resource Partners, LP