Entrée Resources Evaluates NYSE American Listing

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[{"type":"text","content":"\n\n\n\nEntrée Resources Evaluates NYSE American Listing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Aug. 16, 2019\n\n\n\nVANCOUVER, Aug. 16, 2019 /CNW/ - Entrée Resources Ltd. (TSX:ETG; NYSE American:EGI – the \"Company\" or \"Entrée\") announced today that on August 12, 2019, the Company received a notice from NYSE American LLC (\"NYSE American\") stating that it is not in compliance with the continued listing standards as set forth in Section 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide (the \"Company Guide\"), which require a company to have stockholders' equity of $2 million or more if it has reported losses from continuing operations and/or net losses in two of three of its most recent fiscal years; stockholders' equity of $4 million or more if it has reported losses from continuing operations and/or net losses in three of four of its most recent fiscal years; and stockholders' equity of $6 million or more if it has reported losses from continuing operations and/or net losses in its five most recent fiscal years. All numbers are in U.S. dollars unless otherwise noted.\nNYSE American indicated that a review of the Company shows that it is below compliance with Section 1003(a)(i), (ii) and (iii) since it reported a stockholders' equity deficit of $(43.9) million as of June 30, 2019 and net losses in its five most recent fiscal years. Accordingly, the Company has become subject to the procedures and requirements of Section 1009 of the NYSE American Company Guide. In order to maintain its listing, the Company must submit a plan of compliance by September 11, 2019 addressing how it intends to regain compliance with the continued listing standards by February 12, 2021. If NYSE American does not accept the plan or the Company does not make progress consistent with the plan or regain compliance with the continued listing standards by February 12, 2021, delisting proceedings will commence.\nThe Company's current status and operating strategy are such that implementing a plan to achi...

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