UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Form 6-K


REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934


For the month of March 2020.


Commission File Number 0-26046


China Natural Resources, Inc.

(Translation of registrant's name into English)


Room 2205, 22/F, West Tower, Shun Tak Centre,

168-200 Connaught Road Central, Sheung Wan, Hong Kong

(Address of principal executive offices)



Indicate by check mark whether the registrant files of will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F þ Form 40-F ¨


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨






INCORPORATION BY REFERENCE


The information under “Receipt of Nasdaq Deficiency Notice” and in exhibit 15.1 to this report on Form 6-K shall be deemed incorporated by reference into the registration statement on Form F-3 (SEC File No. 333-233852) of China Natural Resources, Inc. (including any prospectus forming a part of such registration statement) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.







 



Receipt of Nasdaq Deficiency Notice


On March 24, 2020, China Natural Resources, Inc. (the "Company") received written notice from the Listing Qualifications department of Nasdaq Regulation (the "Notice") of the Company’s noncompliance with Nasdaq Rule 5550(b)(2).  On March 30, 2020, the Company disseminated a press release pursuant to Nasdaq Rule 5810 relating to its receipt of the Notice. A copy of that press release is furnished as Exhibit 15.1 to this current report. The press release shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, and, except as otherwise set forth herein, is not incorporated by reference into any filing of the registrant, whether made before or after the date hereof, regardless of any general incorporation language in such filing.


Exhibits


15.1

Press Release dated March 30, 2020.






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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.


 

CHINA NATURAL RESOURCES, INC.

 

 

 

 

Date: March 30, 2020

By:

/s/ Wong Wah On Edward

 

 

 

Wong Wah On Edward

 

 

 

Chairman and Chief Executive Officer

 



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EXHIBIT INDEX


Exhibit Number

 

Description

15.1

     

Press Release dated March 30, 2020.







Press Release

 


EXHIBIT 15.1


CONTACT

Yue Ming Wai Bonaventure, Chief Financial Officer

011-852-2810-7205 or bonyue@chnr.net


FOR IMMEDIATE RELEASE


CHINA NATURAL RESOURCES RECEIVES

NASDAQ DEFICIENCY NOTICE



HONG KONG, MARCH 30, 2020 – CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR), a company based in the People's Republic of China, today announced that, on March 24, 2020, it received written notice from the Listing Qualifications department of Nasdaq Regulation (the "Notice") that the Company is not in compliance with the minimum market value of listed securities (“MVLS”) requirement set forth in Nasdaq Rule 5550(b)(2). The Nasdaq Rule requires listed securities to maintain a minimum MVLS of $35 million and, based upon the closing bid price of the Company’s common shares during a 30 consecutive business day measurement period, the Company did not meet this requirement.


The Notice states that the Company is being provided 180 calendar days (until September 21, 2020) in which to regain compliance. If at any time during this compliance period the MVLS closes at or above $35 million for a minimum of ten consecutive business days, or the Company demonstrates compliance with one of the alternative continued listing standards, Nasdaq will provide the Company with written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with Rule 5550(b)(2), or satisfy one of the alternative continued listing standards, prior to expiration of the 180-calendar day compliance period, Nasdaq will provide the Company with written notification that its securities are subject to delisting from The Nasdaq Capital Market. At that time, the Company may appeal the delisting determination to a Hearings Panel.


About China Natural Resources, Inc.:


China Natural Resources, Inc., a British Virgin Islands corporation, through its operating subsidiary in the PRC, is currently engaged in (a) the acquisition and exploitation of mining rights in Inner Mongolia, including preliminary exploration for lead, silver and other nonferrous metals; and (b) copper ore trading in the PRC.


Forward-Looking Statements:


This press release includes forward-looking statements within the meaning of federal securities laws. These statements include, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to our policies regarding investments, dispositions, financings, conflicts of interest and other matters; and trends affecting the Company's financial condition or results of operations. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statement. Among the risks and uncertainties that could cause our actual results to differ from our forward-looking statements are: our intent, belief and current expectations as to business operations and operating results; uncertainties regarding the governmental, economic and political circumstances in the People’s Republic of China; uncertainties associated with metal price volatility; uncertainties related to our ability to fund operations; uncertainties associated with our reliance on third-party contractors; uncertainties related to possible future increases in operating expenses, including costs of labor and materials; uncertainties associated with the effects that pandemics, epidemics and other health conditions may have on local and world governments, economies and societies; and other risks detailed from time to time in our filings with the SEC, including without limitation the information contained in our Annual Reports on Form 20-F under the heading "Risk Factors." While management believes that its assumptions forming the bases for forward-looking statements are reasonable, assumed facts or bases generally vary from actual results, and there can be no assurance that the expectations or beliefs expressed in our forward-looking statements will be achieved or accomplished.