Crosshair Energy Corporation in Non-Compliance with NYSE

Crosshair Energy Corporation (TSX:CXX, NYSE:CXZ) has been told by the NYSE that they are not in compliance with two of the continued listing standards as per Part 10 of the NYSE MKT Company Guide.

As quoted in the press release:

Specifically, Crosshair is not in compliance with Section 1003(a)(iv) of the Company Guide in that it 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 the Exchange, as to whether the Company will be able to continue operations and/or meet its obligations as they mature.

To view the whole press release, click here.