Daleco trading resumes on U.S. and Canadian Exchanges.

WAYNE, Pa.--(BUSINESS WIRE)--May 30, 1997--Daleco Resources Corp. (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 :DLOV) Dov Amir, chairman of the board and chief executive officer, responded to the halting halt·ing
adj.
1. Hesitant or wavering: a halting voice.

2. Imperfect; defective: halting verse.

3. Limping; lame. of trade in the company's shares May 28, 1997 on the NASDAQ Small Cap Market.

Amir explained that trading was suspended by NASDAQ at the request of the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links

Official site
About the BCSC

due to an identified filing deficiency with the British Columbia Securities Commission. He added that the apparent omission omission n. 1) failure to perform an act agreed to, where there is a duty to an individual or the public to act (including omitting to take care) or is required by law. Such an omission may give rise to a lawsuit in the same way as a negligent or improper act. resulted from the company's redomestication in Delaware in October 1996 and occurred despite the fact that the company is current with its filing with the U.S. Securities and Exchange Commission, NASDAQ and the Canadian Dealing Network Canadian Dealing Network (CDN)

The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. .

Amir further stated that once the company became aware of the situation it took immediate steps to provide all materials requested by the British Columbia Securities Commission.

The company was subsequently notified on May 29 that all filings were in order and that trading in the company's shares would resume immediately. The company's shares trade in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. on the NASDAQ Small Cap Exchange and in Canada on the Canadian Dealing Network.

Daleco Resources is a natural resource company with holdings in oil and gas, timber, and precious minerals.

CONTACT: Daleco Resources Corp.

Gary J. Novinskie, 610/254-4199 or

Dov Amir, 310/282-9999

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Publication:	Business Wire
Date:	May 30, 1997
Words:	216
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