Alta Gold Co. Receives Delisting Notice From Nasdaq
biz.yahoo.com
Monday April 26, 11:48 am Eastern Time
Company Press Release
HENDERSON, Nev.--(BUSINESS WIRE)--April 26, 1999--Alta Gold Co. (Nasdaq NM:ALTAQ - news) announced that on the afternoon of April 23, 1999, it received notice from Nasdaq that Nasdaq ''has determined to delist the Company's securities from the Nasdaq National Market effective with the close of business on May 1, 1999.''
This determination came after Alta had diligently responded to all of Nasdaq's inquiries late Monday, April 19. In response to this abrupt decision, the company is evaluating its options, including whether to appeal the determination and/or have its securities traded on another market.
On a related matter, the company believes that until the time Nasdaq delists the company's securities, Nasdaq will continue the trading halt invoked by Nasdaq on April 15, 1999.
This news release contains statements that may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as management's expectations regarding its ability to appeal the Nasdaq determination or to have trades reported on another market. Such forward-looking statements are inherently uncertain, and the actual results may differ from management's expectations. Further information on potential factors that could affect the financial condition and results of operations of Alta Gold are included in the filings of Alta Gold with the Securities and Exchange Commission, including, but not limited to, Alta Gold's annual report on form 10-K for the fiscal year ended Dec. 31, 1998.
Contact:
Alta Gold Co.
Margo Bergeson, 702/433-8525
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