EnerJex Resources, Inc. Receives Listing Plan Acceptance by the NYSE American
28 December 2017 - 12:00AM
(NYSE American: ENRJ) – EnerJex Resources, Inc. (the “Company”)
announced that the NYSE American (the “Exchange”) notified the
Company that it accepted the Company’s plan to regain compliance
with the continued listing requirements of the Exchange.
On October 19, 2017, the Company received notice
that they were not in compliance with NYSE American’s continued
listing standards. Specifically, the Company is not in
compliance with Section 1003(a)(i) of the NYSE American Company
Guide since it reported losses in two of its three most recent
fiscal years.
The Company submitted its plan of compliance on
November 20, 2017, and on December 22, 2017, the Exchange notified
the Company that it accepted the Company’s plan and granted the
Company an extension until April 19, 2019 to regain compliance with
the continued listing standards. The Company will be subject
to periodic review by Exchange Staff during the extension
period. The Company is not currently in compliance with NYSE
American listing standards, but its listing is being continued
pursuant to the extension.
The plan accepted by the Exchange was
substantially based on the potential merger between the Company and
AgEagle Aerial Systems, Inc., as announced in the Company’s Form
8-K filed with the Commission on November 20, 2017.
CAUTIONARY INFORMATION ABOUT
FORWARD-LOOKING STATEMENTS
Apart from statements of historical fact, the
text of this press release constitutes forward-looking statements
within the meaning of the U.S. securities laws, and is subject to
the safe harbors created therein. These statements include, but are
not limited to, statements regarding the future business operations
of EnerJex Resources, Inc. (the “Company”), the prospect for
development of AgEagle Aerial Systems’ drone devices, the
possibility of a merger transaction between the companies, and
possible benefits from such a merger for the companies and their
respective stakeholders. These forward-looking statements speak
only as of the date of this news release. The Company does not
undertake to update any of these forward-looking statements to
reflect events or circumstances that occur after the date hereof.
Such statements reflect management’s current views and are based on
certain assumptions that may or may not ultimately prove valid. The
Company’s actual results may vary materially from those
contemplated in such forward-looking statements due to risks and
uncertainties to which the Company is subject, including
uncertainties about the parties’ ability to complete the merger;
uncertainties concerning the sufficiency of the Company’s remaining
funds to continue operations; uncertainties regarding the
negotiation with the Company’s lenders; and other factors.
IMPORTANT INFORMATION FOR INVESTORS AND
SHAREHOLDERS
This communication does not constitute an offer
to buy or sell or the solicitation of an offer to buy or sell any
securities or a solicitation of any vote or approval.
EnerJex filed a registration statement on Form
S-4 in connection with the proposed transaction includes a
definitive proxy statement and a proxy card, and will be mailed to
the Company’s stockholders seeking any required stockholder
approvals in connection with the proposed transactions. BEFORE
MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND
STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS
(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS THAT THE COMPANY MAY FILE WITH THE SEC WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTIONS. Stockholders may obtain, free of
charge, copies of the definitive proxy statement/prospectus and any
other documents filed by EnerJex with the SEC in connection with
the proposed transactions at the SEC’s website
(http://www.sec.gov), at EnerJex’s website, or by directing written
request to: EnerJex Resources, Inc., 4040 Broadway Street, Suite
425, San Antonio, TX 78209, Attention: Louis G. Schott, Interim
Chief Executive Officer.
The Company and its directors and executive
officers and AgEagle and its directors and executive officers may
be deemed to be participants in the solicitation of proxies from
the stockholders of the Company in connection with the proposed
transaction. Information regarding the special interests of these
directors and executive officers in the merger will be included in
the proxy statement referred to above. Additional information
regarding the directors and executive officers of the Company is
also included in the Company’s Definitive Proxy Statement on
Schedule 14A relating to the 2017 Annual Meeting of Stockholders,
which was filed with the SEC on April 7, 2017. This document
is available free of charge at the SEC web site (www.sec.gov), at
the Company’s website, or by directing a written request to the
Company as described above.
Contact Information,
4040 Broadway, Suite 508
San Antonio, TX 78209
Attn: Louis Schott
(210) 559-1670
Enerjex Resources, Inc. (AMEX:ENRJ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Enerjex Resources, Inc. (AMEX:ENRJ)
Historical Stock Chart
From Jul 2023 to Jul 2024