Alta Gold Co. Receives Delisting Notice From Nasdaq.HENDERSON, Nev.--(BUSINESS WIRE)--April 26, 1999-- Alta Gold Co. (Nasdaq NM:ALTAQ) announced that on the afternoon of April 23, 1999, it received notice from Nasdaq that Nasdaq "has determined to delist delist To drop a security from trading on an organized exchange. Delisting may occur for a number of reasons including failure to meet an exchange's standards or placement of a new listing on another exchange. Compare list. 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 dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d 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 Trading Halt A pause in the trading of a particular security on one or more exchanges, usually in anticipation of a news announcement or to correct an order imbalance. During a trading halt, open orders may be cancelled and options may be exercised. invoked by Nasdaq on April 15, 1999. This news release contains statements that may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended Dec. 31, 1998. |
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