Cusac Gold Mines: Nasdaq Update.VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 20, 1998--Cusac Gold Mines (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 :CUSIF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CQC.) Mr. Guilford H. Brett, President, 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. has determined to delist the Company's securities from trading on the Nasdaq Stock Market for the sole reason that the price for the Company's common stock has not maintained a bid-price of US$1.00 in keeping with a recently implemented new rule. At the time of the determination, Cusac was, and remains, in complete compliance with all other applicable Nasdaq rules. Also, Cusac 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. and its common stock 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. (SYMBOL-CQC). The Company'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: CUSIF. Management of Cusac would like to stress that, since listing on Nasdaq in 1980, the Company has had no history of regulatory deficiencies whatsoever with Nasdaq. Also, theCompany has been listed on the Toronto Stock Exchange since 1988 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. Cusac, a debt-free company, continues to explore and develop gold resources at its 100 percent owned and operated Table Mountain Mine in Northern B.C. and is pursuing silver and base metal opportunities on its recently optioned prospects in Mexico.
CONTACT: Cusac Gold Mines Ltd.
Guilford H. Brett, 800/670-6570
URL: www.cusac.com
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