Key points
- Nasdaq formally notified Namibian Minerals that it will delist the company from the Nasdaq National Market effective the opening of business on May 24, 2002.
- The delisting follows Namco’s failure to regain compliance with Nasdaq’s minimum $1.00 (U.S.) bid price requirement by the May 15, 2002 deadline.
- Namco said it will continue to comply with U.S. listing requirements.
- Namco has no plans to change its other listings on the Toronto Stock Exchange and the Namibian stock exchange.
Namibian Minerals has received formal notification from the Nasdaq Stock Market that it will delist the company from the Nasdaq National Market at the opening of business on May 24, 2002, due to the fact that the company was unable to regain compliance with the minimum $1.00 (U.S.) bid price required under Nasdaq listing regulations by May 15, 2002.
Namco will continue to comply with U.S. listing requirements and there are no plans to change Namco’s other listings on the Toronto Stock and Namibian stock exchanges.
