Hyperdynamics Corporation Receives Noncompliance Warning Letter from the NYSE Amex
26 November 2009 - 8:05AM
PR Newswire (US)
SUGAR LAND, Texas, Nov. 25 /PRNewswire-FirstCall/ -- Hyperdynamics
Corporation (NYSE Amex: HDY) has received a non-compliance warning
letter from the staff of the NYSE Amex stock exchange concerning
the Company's issuance of shares of its common stock on November
16, 2009. The NYSE Amex staff stated in the letter that failure to
comply with stock exchange rules concerning the listing of
additional securities could jeopardize the Company's continued
listing status. It further stated that it would not at this time
apply the continued listing evaluation and follow-up procedures
specified in the exchange's Company Guide. NYSE Amex rules prohibit
listed companies from issuing additional securities until an
application for listing has been submitted and approved. The
Company submitted the application today and is working with the
NYSE Amex to ensure that the shares are properly listed with the
exchange. Because the Company is not currently in compliance with
NYSE Amex continued listing standards, the staff letter constitutes
a Warning Letter and a notice of failure to satisfy a continued
listing standard. Hyperdynamics Corporation is an emerging
independent oil and gas exploration and production company that is
exploring for oil and gas offshore the Republic of Guinea in West
Africa. To find out more, visit our website at
http://www.hyperdynamics.com/. HDY-IR Contacts: Dennard Rupp Gray
& Easterly, LLC --------------------------------- Ken Dennard,
Managing Partner Jack Lascar, Partner (713) 529-6600 Anne Pearson,
Sr. Vice President (210) 408-6321 DATASOURCE: Hyperdynamics
Corporation CONTACT: Ken Dennard, Managing Partner, or Jack Lascar,
Partner, +1-713-529-6600, or Anne Pearson, Sr. Vice President,
+1-210-408-6321, all of Dennard Rupp Gray & Easterly, LLC, for
Hyperdynamics Corporation Web Site: http://www.hyperdynamics.com/
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