Randgold and Exploration said in a statement on Wednesday it faces being delisted from the Nasdaq stock exchange after failing to comply with the exchange's requirements for continued listing.

The company received a notice from the Nasdaq stating that its securities are subject to delisting as a result of Randgold and Exploration failing to timeously file its Form 20-F for the year to December 31, 2004.

Randgold noted that the notice itself does not result in the immediate delisting from the Nasdaq and that the company would make a timely request for a hearing with the Nasdaq Listing Qualifications Panel to review the matter.

The company did note however that there were no assurances that the qualifications panel would allow the group to continue to list.

Randgold said the company had experienced delays in obtaining information to finalise its audited financial statements.

SA COMPANIES & BUSINESS INFO Trying to find your way around South Africa's corporate landscape? Looking for a info on a particular company or sector? After the latest business, financial or market news? Here's a quick directory of links to get you started.

MORE BUSINESS NEWS Fronting has cost govt R400m Barclays has voting control of Absa AngloGold granted new order rights Telkom slams Icasa internet report S&P upgrades SA's credit ratings Kebble mining houses suspended Cadiz reports solid earnings Tongaat-Hulett earnings soar SARB gets a new deputy governor Mercantile returns to profit Matodzi posts year loss Brace for another petrol price hike 'Willing buyer/willing seller' rejected 500 000 jobs created in SA Producer inflation slows in June