| Mines Management, Inc. Receives Notice from NYSE MKT | |
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SPOKANE, Wash., July 8, 2015 (GLOBE NEWSWIRE) -- MINES MANAGEMENT, INC. (NYSE-MARKET: "MGN", TSX: "MGT"; the "Company"). On July 1, 2015, the Company received a letter from NYSE MKT LLC ("NYSE MKT" or the "Exchange") stating that it is not in compliance with the continued listing standards as set forth in Section 1003(a)(i-iv) of the NYSE MKT Company Guide (the "Company Guide"). In order to maintain its listing, the Company must submit a plan of compliance by August 3, 2015 addressing how it intends to regain compliance with Section 1003(a)(i-iv) of the Company Guide by December 31, 2016 for equity standards and December 31, 2015 for the financial impairment standard.
If the plan is accepted, the Company may be able to continue its listing but will be subject to periodic reviews by the Exchange. If the plan is not accepted, or if it is accepted but the Company is not in compliance with the continued listing standards by the plan period end dates, or if the Company does not make progress consistent with the plan, the Exchange may initiate delisting procedures as appropriate.
The Company's management is pursuing options to address the deficiencies and intends to submit a compliance plan on or before the deadline set by the Exchange.
For more information, contact: |
Douglas D. Dobbs, President |
Mines Management, Inc. |
905 West Riverside Avenue - Suite 311 |
Spokane, WA 99201 |
Phone: 509-838-6050 |
Fax: 509-838-0486 |
Email: info@minesmanagement.com |
Web: www.minesmanagement.com |
HUG#1935344
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Mines Management Inc.
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EN DÉVELOPPEMENT |
CODE : MGN |
ISIN : US6034321058 |
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Mines Management est une société développant des projet miniers d'argent et de cuivre basée aux Etats-Unis D'Amerique. Mines Management détient divers projets d'exploration en USA. Son principal projet en développement est MONTANORE (ROCK LAKE) en USA. Mines Management est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 38,4 millions US$ (34,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 10 janvier 1997 à 937,00 US$, et son plus bas niveau récent le 08 février 2002 à 0,05 US$. Mines Management possède 33 990 000 actions en circulation. |