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BUR

Burcon NutraScience

$0.58

0.06284 (12.18%)

16:38
08/25/17
08/25
16:38
08/25/17
16:38

Burcon NutraScience receives Nasdaq letter of non-compliance

Burcon NutraScience announced that, further to the company's news release on June 14, it received a second letter on August 21, 2017 from the Listings Qualifications Department of the Nasdaq Stock Market notifying the Company that it is not in compliance with Listing Rule 5450 (a)(1), which requires the listed securities of the Company to maintain a minimum bid price of $1 per share. The Company has not met this requirement for a period of 30 consecutive business days. The Nasdaq notification letter does not result in the immediate delisting of the Company's common shares, and the shares will continue to trade uninterrupted under the symbol "BUR." The Company has a compliance period of 180 calendar days, or until February 19, 2018, to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the compliance period the Company's closing bid price is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide Burcon with a written confirmation of compliance and the matter will be closed.

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