New Concept Energy, Inc. Receives Extension from NYSE Regulation

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE American: GBR) announced that the Company received notice, by letter dated March 6, 2020, from NYSE Regulation, of acceptance of a plan to regain compliance and granting a plan period extension through December 17, 2020, subject to compliance with initiatives outlined in the plan. The Company had previously received guidance that it was not in compliance with Section 1003(a)(ii) of the NYSE American Company Guide since the Company reported stockholders’ equity of $2.4 million as of September 30, 2019 and losses from continuing operations in three of its four most recent fiscal years ended December 31, 2018.