Almaden announces receipt of notification of nyse american listing deficiency

Vancouver, british columbia, april 21, 2023 (globe newswire) -- almaden minerals ltd. (“almaden” or “the company”; tsx: amm; nyse american: aau) announces that it has received a notification letter (“letter”) from nyse american llc (“nyse american”) stating that almaden is not in compliance with the continued listing standards because the company's securities have been selling for a low price per share for a substantial period of time which nyse american determines to be a 30-trading-day average price of less than us$0.20 per share. pursuant to section 1003(f)(v) of the nyse american company guide, the nyse american staff determined that the company's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement within a reasonable period of time which the staff determined to be no later than october 19, 2023.
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