Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: Florida Cracker who wrote (1115)	7/23/1999 2:29:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 1261

Cracker: Here is the release: Friday July 23, 12:17 pm Eastern Time Company Press Release SOURCE: Tracer Petroleum Corporation Tracer Reports on Status of Nasdaq Listing CALGARY, Alberta, July 23 /PRNewswire/ -- The following is released on behalf of the board by Tracer Petroleum Corporation (Nasdaq: TCXXF - news; Vancouver: TPC - news) President and C.E.O. David R. Robinson: TRACER PETROLEUM CORPORATION (''Tracer'' or the ''Company'') reports that it has received notification from Nasdaq approving the Company's request for an oral hearing regarding the status of Tracer's continued listing on the Nasdaq Small Cap market. The hearing date has been set for August 26, 1999. In the interim, Nasdaq has stayed the delisting of the Company's shares as a result of failing to comply with the bid price requirement. In addition to demonstrating its ability to regain compliance with the minimum bid price requirement, Tracer will be required to demonstrate its ability to sustain long term compliance with all applicable maintenance criteria. This release contains ''forward looking statements'' as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations. The Vancouver Stock Exchange has neither approved nor disapproved the content of this release. CONTACT: David Harrison, Corporate Secretary of Tracer Petroleum Corporation, 403-290-1676. SOURCE: Tracer Petroleum Corporation Jim