The Dallas-based firm, which owns uranium properties in Texas and New Mexico, now has 90 days to raise its stock above the US$1 trading level before being de-listed.
Cornucopia Resources is among the latest companies to list on Nasdaq’s over-the-counter board. It was looking to list on the main board, but was denied access as a result of the US$1 trading minimum. Cornucopia, which uses the symbol cnpgf and also lists on the Toronto Stock Exchange, is exploring the Ivanhoe property in Nevada.Planet Exploration now calls the Alberta Stock Exchange home and has raised $400,000 by way of an initial public offering. The company, which trades under the symbol PXI, sold 1.6 million shares at 25 cents each.
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