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Gold/Mining/Energy : Timberline Resources
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To: niostargazer who wrote (56)8/8/2014 2:52:02 AM
From: sense  Read Replies (1) of 104
 
Timberline Granted Extension for its Plan of Compliance by NYSE MKT

timberline-resources.com
07/03/14

Coeur d'Alene, Idaho - July 3, 2014 - Timberline Resources Corporation (NYSE MKT: TLR; TSX-V: TBR)("Timberline" or the "Company") announced today that on June 30, 2014 the NYSE MKT LLC (the "Exchange") notified the Company that it had granted the Company's request for an extension to complete its plan of compliance (the "Plan") and 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 while the Company is not currently in compliance with the continued listing standards of the Exchange, it has made a reasonable demonstration of its ability to regain compliance with Section 1003(a)(iv) of the NYSE MKT Company Guide (the "Company Guide") by the end of the revised plan period, which the Exchange has now determined to be August 15, 2014. The Company expects to complete the acquisition of Wolfpack Gold (Nevada), Inc. within the extension period which will provide the Company with sufficient financial resources to continue its operations, implement its business plan, and meet its obligations as they mature.

The Company's listing is being continued pursuant to this extension and remains subject to periodic review by staff of the Exchange during the extension period. Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards of the Exchange by the end of the extension period could result in the Company being subject to the Exchange's delisting procedures.
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