Quicksilver Resources Canada continues to disassemble existing structures on the Elk Falls mill site. Material will be either recycled or responsibly disposed of. All dismantling will be done with safety and the environment as our top priorities.
Quicksilver Resources Inc. recently announced that the company received notification from the New York Stock Exchange (the “NYSE”) that the NYSE had determined to commence proceedings to delist the company’s common stock in view of its low trading price, and trading in the company’s common stock was suspended. The company had previously disclosed on October 9, 2014, that the NYSE had notified the company that the 30-trading-day average closing price of the company’s common stock had fallen below $1.00 per share. This is the minimum average share price required for continued listing of the company’s common stock on the NYSE under Rule 802.01C of the NYSE Listed Company Manual.
This announcement does not impact the continued onsite efforts at Elk Falls nor the strategic review process Quicksilver is currently conducting. As per our original plans, site demolition will continue to be executed in phases. Quicksilver remains firmly committed to the Elk Falls Site.