New Concept Energy, Inc. Receives Extension from NYSE Regulation

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR) announced that, by letter dated July 9, 2018, the Company received notice, from NYSE of acceptance of a plan submitted by the Company to regain compliance with the NYSE regulations. The NYSE approved a plan period through October 23, 2019, subject to compliance with initiatives outlined in the Company’s plan. The Company had previously received guidance that it was not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide since the Company reported stockholders’ equity of $0.6 million as of December 31, 2017 and losses from continuing operations in three of its four most recent fiscal years ended December 31, 2017.