Uranium Resources Granted 180-Day Extension by NASDAQ to Regain Compliance with Bid Price Rule
Uranium Resources, Inc. (NASDAQ: URRE) announced that on July 17, 2012, it received notification from NASDAQ granting an additional 180-day period, or until January 14, 2013, to regain compliance with NASDAQ's minimum $1.00 bid price per share rule. Under NASDAQ listing rules, the Company was granted this extension because it met the continued listing requirement for market value of publicly held shares and all other applicable NASDAQ listing requirements, except the bid price requirement, and the Company provided written notice to NASDAQ of its intention to cure the bid price deficiency during the second compliance period.
The Company will regain compliance with the minimum bid requirement if at any time prior to January 14, 2013, the bid price for the Company's common stock closes at $1.00 per share or above for a minimum of 10 consecutive business days.
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