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Cubic Energy Inc. has reported that its common stock will begin trading on the OTCQB Market commencing July 17, 2013.
The move to OTCQB does not change Cubic's SEC reporting obligations under applicable securities laws. Accordingly, Cubic will continue to file its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K.
Cubic's stock will trade under the new ticker symbol "CBNR".
On July 10, 2013, the Company received a letter from NYSE MKT LLC advising the Company would be delisted based upon the Company's continued non-compliance with the stockholders' equity requirements for continued listing as set forth in Sections 1003(a)(i-iii) of the Exchange's Company Guide and the Exchange's concerns regarding the Company's financial viability with respect to maturing obligations, as set forth in Section 1003(a)(iv) of the Exchange's Company Guide.