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Glori Energy to delist from Nasdaq

Sep. 09, 2016 9:14 AM ETGlori Energy Inc. (GLRI) StockGLRIBy: Carl Surran, SA News Editor1 Comment
  • Glori Energy (OTC:GLRI) tells Nasdaq that it will voluntarily withdraw its common stock from listing and terminate the registration of common stock, choosing instead to be traded on an OTC system.
  • GLRI cites the expenses and uncertainty associated with seeking to regain compliance with Nasdaq listing rules while raising capital.
  • GLRI says it is in talks for a modest capital raise, and is evaluating financing options to execute the development of the first Phoenix project.

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