China Shen Zhou Mining & Resources, Inc. (AMEX:SHZ) announced that their plan to receive compliance from NYSE MKT LLC has been approved.
The Company presented a plan of compliance to the Exchange on November 30, 2012 and has provided supplemental information as requested. On January 11, 2013, the Exchange communicated that it accepted the Company’s plan of compliance and granted the Company an extension until April 24, 2013 to regain compliance with the continued listing standards. The Company will be subject to periodic review by the Exchange Staff during the extension period. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the plan period could result in the Company being delisted from the NYSE Amex. China Shen Zhou ’s management fully expects to execute the plan within the time frame prescribed by the Exchange.