Triangle Petroleum received a notice that the NYSE MKT has determined to commence proceedings to delist the common stock of the Company -- ticker symbol TPLM -- from the NYSE MKT. Trading in the Company's common stock was suspended at the market opening on March 27, 2017.
As a result of the delisting notice, the Company's common stock is expected to begin trading on the OTC Pink marketplace.
The NYSE MKT has indicated that it will begin delisting proceedings pursuant to Section 1002(c) of the NYSE MKT Company Guide following the Company's disclosure on March 24, 2017 of the effectiveness of the Chapter 11 plan of reorganization for Triangle USA Petroleum Corporation, the Company's former wholly-owned subsidiary.
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