Dejour Energy Inc. (NYSE: DEJ; TO: DEJ) was informed by NYSE regulation on Nov. 21 that it is not in compliance with three of the NYSE MKT stock exchange’s minimum listing requirements.
- Reported stockholders’ equity of some US $3.9 million as at Sept. 30 is less than US $4 million and the company has net losses in three of its four most recent fiscal years;
- Reported stockholders’ equity of some US $3.9 million as at Sept. 30 is less than US $6 million and the company has net losses in its five most recent fiscal years, and
- The company has sustained losses which are substantial in relation to its overall operations or its existing financial resources, or its financial condition, has become impaired that it appears questionable, in the opinion of the NYSE MKT, as to whether it will be able to continue operations and/or meet its obligations in the future.
The NYSE MKT has requested the company submit a plan of compliance by Dec. 23 addressing how it intends to gain compliance to numbers one and two, above, by May 22, 2015 and to number three, above, by April 4, 2014.
The company intends to submit a plan in prescribed form to NYSE MKT prior to the due dates.
Dejour Energy Inc. is an independent energy company engaged in acquiring, exploring, and developing energy projects with a focus on oil and gas exploration in Canada and the U.S. The company is headquartered in Vancouver, B.C.