CHNR - China Natural Resources board approves 5-to-1 share combination regains Nasdaq compliances

2023-03-31 09:28:19 ET

• China Natural Resources ( NASDAQ: CHNR ) board approved a five-to-one share combination of issued and outstanding common shares, without par value, of the company.
• The share combination is expected to be effective on Apr.3, 2023, after market opens.
• The share combination will increase the per share trading price of the company's common shares to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.
• In October 2022, the company had been granted additional 180 calendar day period (by Apr. 24, 2023) to regain compliance under its minimum bid price requirement.
• Post the share combination, the company will have ~8.2M shares issued and outstanding, exclusive of shares issuable under outstanding options and warrants.
• Shares trading 1.8% down premarket.

For further details see: