Caledonia Mining Corporation -- Nasdaq National Market.TORONTO, Ontario--(BUSINESS WIRE)--Oct. 16, 1998--Caledonia Mining Corporation of Toronto (TSE:CAL) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CALVF) reports that the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. Inc. will no longer quote Caledonia's securities for trading on the Nasdaq Stock Market for the sole reason that the price for the Corporation's common stock has not maintained a bid-price of US $1.00 in keeping with the newly implemented rule applicable to all issuers trading on Nasdaq. Caledonia remains in complete compliance with all other applicable Nasdaq rules. Caledonia continues to trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and remains a reporting company under United States Securities and Exchange Commission rules Securities and Exchange Commission Rules Rules enacted by the SEC to assist in the regulation of US financial markets. . Caledonia's common stock is now quoted on Nasdaq's OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. System under the same symbol: CALVF. Caledonia intends to immediately request a review of this decision by the Nasdaq Listing and Hearing Review Council. Management of Caledonia stresses that since listing on Nasdaq in 1992, the Corporation has had no history of regulatory deficiencies with Nasdaq. Caledonia has also been listed on The Toronto Stock Exchange since 1992 and continues to comply with its stringent regulations. The Toronto Stock Exchange is the third largest stock exchange in North America and is well known as the world's premier market for mining companies. |
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