UAMY - United States Antimony receives warning letter from NYSE

United States Antimony (UAMY) has received a warning letter from NYSE American as the Company sold its common shares in a manner that violated Sections 301 and 713 of the Company Guide.Trading has been halted since before open on February 17, 2021, as NYSE Regulation has assessed these rule violations. The violations relate to two non-underwritten transactions involving the sale of an aggregate of 26.29M shares at discount - the first, which closed on February 3, involving sale of 15.3M shares at $0.70/share, and;Second, which closed on February 16, pertaining to the sale of 10.99M shares at $1.30/share.In the light of very close proximity in timings of two transactions and that both included substantially the same group of purchasers, NYSE Regulation has determined that these issuances should be aggregated for purposes of Section 713 of the Company Guide.Together, the two transactions covered ~34.4% of the common stock outstanding. The Company

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United States Antimony receives warning letter from NYSE