<SEC-DOCUMENT>0001062993-16-010171.txt : 20160610
<SEC-HEADER>0001062993-16-010171.hdr.sgml : 20160610
<ACCEPTANCE-DATETIME>20160610172918
ACCESSION NUMBER:		0001062993-16-010171
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160610
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
FILED AS OF DATE:		20160610
DATE AS OF CHANGE:		20160610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGHTBRIDGE Corp
		CENTRAL INDEX KEY:			0001084554
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
		IRS NUMBER:				911975651
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34487
		FILM NUMBER:		161709381

	BUSINESS ADDRESS:	
		STREET 1:		11710 PLAZA AMERICA DRIVE
		STREET 2:		SUITE 2000
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190
		BUSINESS PHONE:		571 730 1200

	MAIL ADDRESS:	
		STREET 1:		11710 PLAZA AMERICA DRIVE
		STREET 2:		SUITE 2000
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Thorium Power, Ltd
		DATE OF NAME CHANGE:	20061011

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NOVASTAR RESOURCES LTD.
		DATE OF NAME CHANGE:	20051011

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NOVASTAR RESOURCES LTD
		DATE OF NAME CHANGE:	20050829
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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   <TITLE>Lightbridge Corp.: Form 8-K - Filed by newsfilecorp.com</TITLE>
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C.
20549</P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B><BR><B>CURRENT REPORT
</B><BR>Pursuant to Section 13 or 15(d) of the<BR>Securities Exchange Act of
1934</P>
<P align=center>Date of Report (Date of earliest event reported):<B> <U>June 10,
2016 </U></B></P>
<P align=center><B><U><FONT size=5>LIGHTBRIDGE CORPORATION
</FONT></U></B><BR>(Exact name of registrant as specified in its charter)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD align=center><B><U>Nevada </U></B></TD>
    <TD align=center width="33%"><B><U>001-34487 </U></B></TD>
    <TD align=center width="33%"><B><U>91-1975651 </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction </TD>
    <TD align=center width="33%">(Commission </TD>
    <TD align=center width="33%">(IRS Employer </TD></TR>
  <TR vAlign=top>
    <TD align=center>of incorporation) </TD>
    <TD align=center width="33%">File Number) </TD>
    <TD align=center width="33%">Identification No.) </TD></TR></TABLE>
<P align=center><B>11710 Plaza America Drive, Suite 2000 </B><BR><B><U>Reston,
VA 20190 </U></B><BR>(Address of principal executive offices, including zip
code)</P>
<P align=center><B><U>(571) 730-1200 </U></B><BR>(Registrant&#146;s Telephone Number,
Including Area Code)</P>
<P align=center><B><U>Not Applicable </U></B><BR>(Former name or former address,
if changed since last report)</P>
<P align=justify>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</P>
<P align=justify>[&nbsp; &nbsp;] Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</P>
<P align=justify>[&nbsp;&nbsp; ] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a -12)</P>
<P align=justify>[&nbsp;&nbsp; ] Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P align=justify>[&nbsp;&nbsp; ] Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) </P>
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<!--$$/page=--><A name=page_2></A>
<P align=justify><B>Item 3.01 Notice of Delisting or Failure to Satisfy a
Continued Listing Rule or Standard; Transfer of Listing. </B></P>
<P align=justify>As previously disclosed, on December 11, 2015, Lightbridge
Corporation (the &#147;Company&#148;) received a letter from the Listing Qualifications
Staff (the &#147;Staff&#148;) of the Nasdaq Stock Market (&#147;Nasdaq&#148;) notifying the Company
that its common stock did not maintain a minimum closing bid price of at least
$1.00 per share as required by Nasdaq Listing Rule 5550(a)(2). Under the Nasdaq
Listing Rules, the Company had until June 8, 2016 to regain compliance with the
minimum closing bid price requirement for continued listing. On June 10, 2016,
the Company received a delisting determination letter from the Staff based on
the Company&#146;s continuing non-compliance with Nasdaq Listing Rule 5550(a)(2).
</P>
<P align=justify>The Staff previously sent a delisting determination letter to
the Company based upon the Company&#146;s continuing non-compliance with the minimum
stockholders&#146; equity requirement for continued listing on the Nasdaq Capital
Market. As previously disclosed, the Company has appealed such Staff
determination by requesting a hearing before a Nasdaq hearing panel, which
hearing is currently scheduled for July 21, 2016. The Company&#146;s non-compliance
with the minimum closing bid price requirement will also be considered at the
hearing. While the appeal is pending, the Company&#146;s common stock will not be
delisted. </P>
<P align=justify>Delisting from the Nasdaq Capital Market could adversely affect
the Company&#146;s ability to raise additional financing through the public or
private sale of equity securities, significantly affect the ability of investors
to trade its common stock and negatively affect the value and liquidity of its
common stock. The Company could also face other adverse consequences if its
common stock were delisted including, among others: </P>
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  <TR vAlign=top>
    <TD width="5%"  >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>&#149; </P></TD>
    <TD align=left width="90%">
      <P align=justify>a limited availability of market quotations for its
      common stock; </P></TD></TR>
  <TR>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD >
      <P align=justify> </P></TD>
    <TD width="90%">
      <P align=justify> </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" ></TD>
    <TD align=left >
      <P align=justify>&#149; </P></TD>
    <TD align=left width="90%">
      <P align=justify>a determination that the Company&#146;s common stock is a
      &#147;penny stock&#148; which will require brokers trading in the common stock to
      adhere to more stringent rules and possibly result in a reduced level of
      trading activity in the secondary trading market for the Company&#146;s
      securities; </P></TD></TR>
  <TR>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD >
      <P align=justify> </P></TD>
    <TD width="90%">
      <P align=justify> </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD align=left >
      <P align=justify>&#149; </P></TD>
    <TD align=left width="90%">
      <P align=justify>a limited amount of news and little or no analyst
      coverage for the Company; and </P></TD></TR>
  <TR>
    <TD width="5%" >
      <P align=justify>&nbsp;</P></TD>
    <TD >
      <P align=justify> </P></TD>
    <TD width="90%">
      <P align=justify> </P></TD></TR>
  <TR vAlign=top>
    <TD width="5%" ></TD>
    <TD align=left >
      <P align=justify>&#149; </P></TD>
    <TD align=left width="90%">
      <P align=justify>a decreased ability to issue additional securities
      (including pursuant to short-form registration statements on Form S-3) or
      obtain additional financing in the future. </P></TD></TR></TABLE><br>

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<P align=justify><I>Cautionary Note Regarding Forward Looking Statements:</I><B>
</B>This Current Report on Form 8-K contains &#147;forward-looking&#148; statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including
statements related to the consequences of the delisting of the Company&#146;s common
stock from the Nasdaq Capital Market and the delay in delisting following the
Company&#146;s appeal. The words &#147;may,&#148; &#147;will,&#148; &#147;could,&#148; &#147;would,&#148; &#147;should,&#148; &#147;expect,&#148;
&#147;intend,&#148; &#147;plan,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;project,&#148;
&#147;potential,&#148; &#147;continue,&#148; &#147;ongoing&#148; and similar expressions are intended to
identify forward-looking statements, although not all forward-looking statements
contain these identifying words. While the Company believes its plans, intentions and expectations reflected in those forward-looking statements are reasonable, these plans, intentions or expectations may not be achieved. The Company&rsquo;s actual results, performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking statements. For information about the factors that could cause such differences, please refer to the Company&rsquo;s SEC filings. Given these uncertainties, you should not place undue
reliance on these forward-looking statements. The Company assumes no obligation to update any forward-looking statement.</P>

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<P align=center><B>SIGNATURES</B> </P>
<P align=justify style="text-indent:5%">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 hereunto duly authorized.</P>
<P align=justify>Dated: June 10, 2016 </P>
<P style="MARGIN-LEFT: 50%" align=justify>LIGHTBRIDGE CORPORATION </P>
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  <TR vAlign=top>
    <TD align=left >By: </TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="90%">/s/
      Seth Grae </TD></TR>
  <TR vAlign=top>
    <TD align=left nowrap >Name: </TD>
    <TD align=left width="90%">Seth Grae </TD></TR>
  <TR vAlign=top>
    <TD align=left >Title: </TD>
    <TD align=left width="90%">President and Chief Executive Officer
  </TD></TR></TABLE></DIV><BR>
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