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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 7, 1998
URANIUM RESOURCES, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-17171 75-2212772
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
INCORPORATION) IDENTIFICATION NO.)
12750 Merit Drive, Suite 1020, Dallas, Texas 75251
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) ZIP CODE
972-387-7777
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
Not Applicable
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Exhibit Index Begins on Sequentially Numbered Page 4
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ITEM 5. OTHER EVENTS.
On October 7, 1998, the Company was notified by the Nasdaq Stock Market
("Nasdaq") of Nasdaq's determination that the Company is not in compliance with
the minimum $1.00 closing bid price requirement for continued listing of its
Common Stock, par value $0.001 per share (the "Common Stock"), on the Nasdaq
National Market (the "National Market"). Nasdaq informed the Company that the
Company will be provided ninety (90) calendar days from October 5, 1998 in which
to regain compliance with the minimum closing bid price. If within such ninety
calendar days, the Common Stock complies with the minimum closing bid price
requirement for a minimum of ten consecutive trading days, the Nasdaq staff will
verify compliance with the continued listing requirements of the National
Market. If, however, the Company does not comply with the minimum closing bid
price requirement on or before the ninety-day period ended January 5, 1999, the
notification states that the Company's Common Stock will be delisted at the
opening of business on January 7, 1999.
The notification also stated that the Company may seek further
procedural remedies by requesting a hearing and paying applicable fees prior to
January 5, 1999. There can be no assurance that the Common Stock will comply
with the minimum closing bid price requirement during the ninety-day period or
that a hearing, if any, will result in the continued listing of the Common Stock
on the National Market. Delisting of the Common Stock on the National Market
could have a material adverse effect on the market price of, and the efficiency
of the trading market for, the Company's Common Stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS.
99.1 - Press Release issued October 27, 1998, by the
Registrant announcing the notification by the
Nasdaq Stock Market that the Company is not in
compliance with the $1.00 minimum bid price for
continued listing of its Common Stock on the Nasdaq
National Market and may be delisted on January 7,
1999 unless corrected or successfully appealed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
URANIUM RESOURCES, INC.
Date: October 27, 1998 /s/ PAUL K. WILLMOTT
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Paul K. Willmott
President, Chief Executive Officer
and Chairman of the Board of Directors
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit No. Exhibit Description Page
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<S> <C> <C>
99.1 Press Release issued October 27, 1998, by the Registrant E-1
announcing the notification by the Nasdaq Stock Market that
the Company is not in compliance with the $1.00 minimum bid
price for continued listing of its Common Stock on the
Nasdaq National Market and may be delisted on January 7,
1999 unless corrected or successfully appealed.
</TABLE>
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EXHIBIT 99.1
OCTOBER 27, 1998
PRESS RELEASE
Uranium Resources, Inc. announced that on October 7, 1998 the Company
received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company
of Nasdaq's determination that the Company is not in compliance with the minimum
$1.00 closing bid price requirement for continued listing of its Common Stock,
par value $0.001 per share (the "Common Stock") on the Nasdaq National Market
(the "National Market"). Nasdaq informed the Company that the Company will be
provided ninety (90) calendar days from October 5, 1998 in which to regain
compliance with the minimum closing bid price. If within such ninety calendar
days, the Common Stock complies with the minimum closing bid price requirement
for a minimum of ten consecutive trading days, the Nasdaq staff will verify
compliance with the continued listing requirements of the National Market. If,
however, the Company does not comply with the minimum closing bid price
requirement on or before the ninety-day period ended January 5, 1999, the
notification states that the Company's Common Stock will be delisted at the
opening of business on January 7, 1999.
The notification also stated that the Company may seek further
procedural remedies by requesting a hearing and paying applicable fees prior to
January 5, 1999. There can be no assurance that the Common Stock will comply
with the minimum closing bid price requirement during the ninety-day period or
that a hearing, if any, will result in the continued listing of the Common Stock
on the National Market. The Company is reviewing its option in the event that
the Common Stock is delisted from the National Market, including if the Company
would qualify for the NASDAQ Small Cap market. Delisting of the Common Stock on
the National Market could have a material adverse effect on the market price of,
and the efficiency of the trading market for, the Company's Common Stock.
E-1
