Golden Minerals Announces NYSE American Notice to Commence Delisting and Intended Transition to OTCQB Market
06 Dezembro 2024 - 7:45PM
Business Wire
Golden Minerals Company (“Golden Minerals,” “Golden” or the
“Company”) (NYSE-A: AUMN and TSX: AUMN) today announced that it has
received notification from the NYSE American LLC (the “NYSE
American” or the “Exchange”) that the Exchange determined to
commence proceedings to suspend and delist the Company’s common
stock as a result of its determination that the Company is no
longer suitable for listing due to its non-compliance with Sections
1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American
Company Guide, which require the Company to report stockholders’
equity of $6.0 million or more if the Company has reported losses
from continuing operations and/or net losses in its five most
recent fiscal years, as previously reported.
The Company anticipates that the Common Stock will begin trading
on the OTC Pink Market under the symbol “AUMN” at the open of
business on December 16, 2024. Shareholders do not need to take any
action in connection with this transition. The Company’s stock will
continue to be traded first on the NYSE American and immediately
thereafter on the OTC Pink Market, and investors should be able to
trade shares through their existing brokerage accounts.
The Company is in the process of applying for quotation of its
common stock on the OTCQB® Venture Market. The transition of the
Company’s common stock to the OTC Markets will have no effect on
the Company’s business or operations or its listing on the Toronto
Stock Exchange, where it trades under ticker symbol “AUMN.” The
Company expects to continue to maintain compliance with the
reporting requirements of the Securities Act of 1934, as Amended,
including the filing of periodic reports with the SEC under
applicable federal securities laws that are available on the SEC’s
website at www.SEC.gov.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and applicable Canadian securities legislation, such as
statements regarding (i) timing of the NYSE American’s delisting
and appeal procedures; (ii) the timing of the Company’s transition
to the OTC Pink Markets; (iii) results of the Company’s application
for quotation on the OTCQB; and (iv) the Company’s continual
compliance with applicable SEC reporting requirements. These
statements are subject to risks and uncertainties, including
whether the Company will meet the eligibility requirements for
quotation on the OTCQB; the inability of the Company to obtain
sufficient capital to meet its obligations; increases in costs and
declines in general economic conditions; changes in political
conditions, in tax, royalty, environmental and other laws in the
United States, Mexico or Argentina and other market conditions; and
fluctuations in silver and gold prices. Golden Minerals assumes no
obligation to update this information. Additional risks relating to
Golden Minerals may be found in the periodic and current reports
filed with the Securities & Exchange Commission by Golden
Minerals, including the Company’s Annual Report on Form 10-K for
the year ended December 31, 2023.
Follow us at www.linkedin.com/company/golden-minerals-company/
and https://twitter.com/Golden_Minerals.
For additional information, please visit
http://www.goldenminerals.com/.
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Golden Minerals Company (303) 839-5060
Golden Minerals (AMEX:AUMN)
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