Rex Energy’s Continued Listing Request Accepted by Nasdaq
December 13 2016 - 4:01PM
Rex Energy Corporation (Nasdaq:REXX) (“Rex Energy”) today announced
that Nasdaq has notified the company that it has accepted Rex
Energy’s request for continued listing on the Nasdaq Capital
Market. In addition, the company has been granted an additional
extension through June 12, 2017 to regain compliance with Nasdaq’s
minimum bid price requirement.
“We would like to thank Nasdaq for the acceptance of our request
for continued listing,” said Tom Stabley, Rex Energy’s President
and Chief Executive Officer. “We will be proactive in executing our
business plan to increase our share price and obtain full
compliance with the Nasdaq listing standards.”
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934.
Forward-looking statements are based on current beliefs and
expectations and involve certain assumptions or estimates that
involve various risks and uncertainties, such as financial market
conditions, changes in commodities prices and the other risks
discussed in detail in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2015 and other subsequent filings with
the Securities and Exchange Commission. Readers should not
place undue reliance on any forward-looking statements, which are
made only as of the date hereof. Rex Energy has no duty, and
assumes no obligation, to update forward-looking statements as a
result of new information, future events or changes in the
Company’s expectations.
About Rex Energy Corporation
Headquartered in State College, Pennsylvania, Rex Energy is an
independent oil and gas exploration and production company with its
core operations in the Appalachian Basin. The company’s strategy is
to pursue its higher potential exploration drilling prospects while
acquiring oil and natural gas properties complementary to its
portfolio.
For more information contact:
Investor Relations
(814) 278-7130
InvestorRelations@rexenergycorp.com