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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: ms.smartest.person who wrote (3993)1/1/2006 10:27:24 PM
From: hubris33  Respond to of 78410
 
US Gold/Nevada Pacific Gold/Coral Gold/Tone Resources/Minera Andes/?Next?

* AMEX listing - Need market cap of US$50 million. US Gold market cap 120.2M,


USGL only qualifies under (d) Initial Listing Standard 4 as it does not meet the SH equity requirement for (a), (b) or (c). Market cap requirement appears to be $75MM, not $50MM. USGL meets either threshold.

Amex Company Guide
PART 1. Original Listing Requirements (§§101-146)
CRITERIA FOR ORIGINAL LISTING (§§101-118)
Sec. 101. GENERAL

(a) INITIAL LISTING STANDARD 1
(1) Size—Stockholders' equity of at least $4,000,000

(b) INITIAL LISTING STANDARD 2
(1) History of Operations—Two years of operations.
(2) Size—Stockholders' equity of at least $4,000,000.

(c) INITIAL LISTING STANDARD 3
(1) Size—Stockholders' equity of at least $4,000,000

(d) INITIAL LISTING STANDARD 4
(1) Total Value of Market Capitalization—$75,000,000; or
Total assets and total revenue—$75,000,000 each in its last fiscal year, or in two of its last three fiscal years.
(2) Aggregate Market Value of Publicly Held Shares—$20,000,000.
(3) Distribution—See Section 102(a).

***********************************
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-QSB
U.S. GOLD CORPORATION

Shareholders' equity:
Common stock, $.10 par value, 35,000,000 shares
authorized; 33,296,810 shares issued and outstanding 3,329,681
Additional paid-in capital 37,136,277
Accumulated (deficit) (37,287,509)
------------
Total shareholders' equity 3,178,449
------------
TOTAL LIABILITIES &
SHAREHOLDERS' EQUITY $ 5,104,889


*****************************************

Sec. 102. EQUITY ISSUES
(a) Distribution—Minimum public distribution * of 500,000, together with a minimum of 800 public shareholders or minimum public distribution of 1,000,000 shares together with a minimum of 400 public shareholders, except for applicants seeking to qualify for listing pursuant to Section 101(e).

(b) Stock Price/Market Value of Shares Publicly Held—The Exchange requires a minimum market price of $3 per share for applicants seeking to qualify for listing pursuant to Section 101 (a), (b) or (d), and $3,000,000 aggregate market value of publicly held shares for applicants seeking to qualify for listing pursuant to Section 101(a)

(c) Voting Rights—See §122.

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