- Current report filing (8-K)
2012年5月3日 - 5:32AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
May 2
,
2012 (April 26, 2012)
Tri-Valley
Corporation
(Exact
name of registrant as specified in its charter)
Delaware
|
001-31852
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94-1585250
|
(State or other jurisdiction of
incorporation or organization)
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(Commission File Number)
|
(IRS Employer
Identification No.)
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4927 Calloway Drive
Bakersfield, California 93312
(Address
of principal executive office)
Issuer's telephone number:
661-864-0500
Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ]
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ]
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 3.01
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Notice of Delisting or Failure to Satisfy a Continued Listing
Rule or Standard; Transfer of Listing.
|
The common stock of Tri-Valley Corporation (the “Company”) is listed for
trading on the NYSE Amex, LLC (“NYSE Amex”), a national securities
exchange. Continued listing of the Company’s common stock on the NYSE
Amex requires the Company to meet continued listing requirements set
forth in the NYSE Amex’s Company Guide (the “Company Guide”). These
requirements include both quantitative standards (such as those relating
to the selling price of the listed security and a minimum level of
stockholders’ equity) and qualitative standards (such as those relating
to a listed company’s financial condition generally).
On April 26, 2012, the Company received a letter from NYSE Amex
indicating that the Company is not in compliance with certain continued
listing requirements set forth in the Company Guide, as follows:
-
Section 1003(a)(iii) of the Company Guide requires a company to
maintain a minimum of $6.0 million in stockholders’ equity, if the
company has sustained losses from continuing operations and/or net
losses in its five most recent fiscal years. As of December 31, 2011,
the Company’s stockholders’ equity was approximately $4.4 million, and
the Company has sustained losses from continuing operations and/or net
losses in its five most recent fiscal years.
-
Section 1003(a)(iv) of the Company Guide insofar as the Company has
sustained losses which are so substantial in relation to its overall
operations or its existing financial resources, or its financial
condition has become so impaired that it appears questionable, in the
opinion of NYSE Amex, as to whether the Company will be able to
continue operations and/or meet its obligations as they mature.
-
Section 1003(f)(v) insofar as the Company’s average daily closing
price over the last six months ended March 31, 2012, was $0.17.
In order to maintain the Company’s listing on NYSE Amex, the Company is
required to submit a plan to NYSE Amex no later than May 29, 2012,
addressing how it intends to regain compliance with Section 1003(a)(iv)
by July 26, 2012, and Sections 1003(a)(iii) and 1003(f)(v) by October
26, 2012. The Company currently intends to submit a plan by the May 29,
2012 deadline. However, if the Company is unable to submit a plan or if
the plan is not accepted by NYSE Amex, the Company will be subject to
delisting proceedings.
On May 2, 2012, the Company issued a press release to announce receipt
of the NYSE Amex non-compliance letter. A copy of the press release is
attached to this report as Exhibit 99.1 and incorporated herein by this
reference.
Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description of Exhibit
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99.1
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Press release, dated May 2, 2012.
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Signatures
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
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TRI-VALLEY CORPORATION
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|
|
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Date:
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May 2, 2012
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/s/ Maston N. Cunningham
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|
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Maston N. Cunningham, President and Chief Executive Officer
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EXHIBIT INDEX
Exhibit Number
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Description of Exhibit
|
|
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99.1
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Press release, dated May 2, 2012.
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Tri Valley (AMEX:TIV)
過去 株価チャート
から 5 2024 まで 6 2024
Tri Valley (AMEX:TIV)
過去 株価チャート
から 6 2023 まで 6 2024