Golden Minerals Receives Continued Listing Standard Notice From NYSE American
August 23 2019 - 5:30PM
Golden Minerals Company (“Golden Minerals”, “Golden” or the
“Company”) (NYSE American and TSX: AUMN) today announced that on
August 19, 2019, the Company was notified by the NYSE American LLC
(the “NYSE American”) that it was not in compliance with one of
NYSE American’s continued listing standards as set forth in Part 10
of the NYSE American Company Guide (the “Company Guide”).
Specifically, the Company is not in compliance with Section
1003(a)(iii) of the Company Guide since it reported stockholders’
equity of less than $6.0 million as of June 30, 2019 and losses
from continuing operations and/or net losses in its five most
recent fiscal years. In order to maintain its listing on the NYSE
American, the Company was asked to submit a plan of compliance no
later than September 18, 2019 advising how the Company intends to
regain compliance with Section 1003(a)(iii) of the Company Guide by
February 19, 2021. The Company intends to prepare and timely submit
its plan of compliance to the NYSE American.
The notification from the NYSE American has no
immediate effect on the Company’s common stock or its business
operations. The Company’s common stock will continue to be listed
on the NYSE American under the symbol “AUMN” while it regains
compliance with Section 1003(a)(iii) of the Company Guide, subject
to the Company’s compliance with other continued listing
requirements.
About Golden Minerals
Golden Minerals is a Delaware corporation based
in Golden, Colorado. The Company is primarily focused on advancing
its El Quevar silver property in Argentina and on acquiring and
advancing mining properties in Mexico and Nevada.
Forward-Looking Statements
This press release contains forward‐looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended, and applicable Canadian securities
legislation, including statements regarding submission of the plan
of compliance with the NYSE American. These statements are subject
to risks and uncertainties, including: whether the plan of
compliance will be timely submitted to the NYSE American, whether
such plan of compliance will be approved by the NYSE American, and
other factors that may cause actual results, performance or
achievements to be materially different than those expressed or
implied. Golden Minerals assumes no obligation to update this
information. Additional risks relating to Golden Minerals can be
found in the periodic and current reports filed with the Securities
Exchange Commission by Golden Minerals, including the Company’s
Annual Report on Form 10-K for the year ended December 31, 2018 and
the Company’s Quarterly Report on Form 10-Q for the quarters ended
March 31, 2019 and June 30, 2019.
SOURCE: Golden Minerals Company
For additional information please visit
http://www.goldenminerals.com/ or contact:
Golden Minerals CompanyKaren Winkler, Director of Investor
Relations(303) 839-5060
Investor.relations@goldenminerals.com
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