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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Mark Bartlett who wrote (33175)	5/5/1999 8:51:00 AM
From: long-gone	Read Replies (1) of 116814

Alta Gold Co. Appeals Nasdaq Delisting Notice HENDERSON, Nev.--(BUSINESS WIRE)--May 5, 1999--Alta Gold Co. (Nasdaq/NM:ALTAQ - news) Wednesday announced that it has appealed the decision of the staff of Nasdaq to delist the company's common stock. The company's appeal was made to a Nasdaq Listing Qualifications Panel, pursuant to the procedures set forth in the Nasdaq Marketplace rules, whereby the company submitted the appropriate fee and requested an oral hearing. Alta has been advised that the hearing will be held on June 17, 1999. At the hearing, the company expects that it will be required to demonstrate its ability to sustain long-term compliance with all applicable criteria for continued listing on the Nasdaq National Market. In that regard, Nasdaq may apply additional or more stringent criteria for the continued listing of the company's common stock as a result of the company's bankruptcy. No assurance can be given that a hearing regarding Nasdaq's determination will be successful. (cont) biz.yahoo.com

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