Loncor Resources Provides Corporate Update
11 Mars 2014 - 1:15AM
Marketwired
Loncor Resources Provides Corporate Update
TORONTO, ONTARIO--(Marketwired - Mar 10, 2014) - As required by
the rules of the NYSEMKT LLC (the "NYSEMKT"), Loncor Resources Inc.
(the "Company" or "Loncor") (TSX:LN)(NYSEMKT:LON) reports that it
has received a letter from the NYSEMKT advising that the NYSEMKT
has determined that the Company is currently not in compliance with
Sections 1002(c) and 1003(c)(i) of the NYSEMKT's Company Guide,
relating to the Company's reduced exploration effort (as previously
reported, the Company has reduced its exploration effort and
overhead costs until market conditions improve). The Company must
submit a plan of compliance to the NYSEMKT by April 2, 2014
addressing how it intends to regain compliance by March 4,
2015.
Loncor Resources Inc. is a Canadian gold exploration company
focused on two projects in the Democratic Republic of the Congo
("DRC") - the Ngayu and North Kivu projects. The Company has
exclusive gold rights to an area covering 2,087 km2 of the Ngayu
Archaean greenstone belt in Orientale province in the northeast DRC
and is its main focus of exploration. Loncor also owns or controls
53 exploration permits in North Kivu province located west of the
city of Butembo. Both areas have historic gold production. Led by a
team of senior exploration professionals with extensive African
experience, Loncor's strategy includes an aggressive drilling
program to follow up on initial known targets at Ngayu as well as
covering the greenstone belt with regional geochemical and
geophysical surveys. Additional information with respect to the
Company's projects can be found on the Company's web site at
www.loncor.com.
For further information, please visit our website at
www.loncor.com.
Loncor Resources Inc.Naomi NemethInvestor Relations1 (416)
366-9189, or 1 (800) 714-7938, Ext.
2802info@loncor.comwww.loncor.com
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