U.S. Energy Corp. Updates TSX Listing Strategyadmin
U.S. Energy Corp. , a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that in light of current economic conditions it intends to suspend finalizing its application for a listing on the Toronto Stock Exchange.
“In light of the turbulent market conditions in the last quarter, we have chosen to suspend our efforts to list on the TSX until an improvement in market conditions warrants doing so,” stated Keith Larsen, CEO of U.S. Energy Corp. “We continue to believe that the TSX is one of the premier exchanges globally for resource companies and that a Canadian listing could eventually play a role in our future plans,” he added.
U.S. Energy Corp. is a diversified natural resource company with interests in molybdenum, oil and gas, and real estate. The Company is headquartered in Riverton, Wyoming and its common stock is listed on The NASDAQ Capital Market under the symbol “USEG”.
Disclosure Regarding Mineral Resources Under SEC and Canadian Regulations; and Forward-Looking Statements
The Company owns or may come to own stock in companies which are traded on foreign exchanges, and may have agreements with some of these companies to acquire and/or develop the Company’s mineral properties. An example is Sutter Gold Mining Inc. These other companies are subject to the reporting requirements of other jurisdictions.