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Winding up ops.BRIEF-Antrim Energy Inc qtrly net loss per basic share $0.016:02 PM ET, 08/25/2016 - ReutersAug 25 (Reuters) - * Antrim energy inc. Announces 2016 second quarter results * Qtrly net loss per basic share $0.01 * Board to submit to shareholders a proposal for voluntary liquidation and dissolution of corporation * Corporation proposes to delist from tsxv and to cancel listing of common shares on aim market * Anticipated that formal dissolution and winding up of corporation and its subsidiaries will occur in late 2016 or early 2017 * For dissolution to proceed, it must be approved by way of special resolution by at least 66 2/3% of votes cast by shareholders * Expected that admission of common shares to trading on aim will be cancelled with effect on september 9, 2016 * Board concluded to submit to shareholders a proposal to distribute to shareholders a return of capital in form of a cash distribution * Proposed cash distribution currently estimated at cdn $0.05 per common share (being an aggregate of approximately us $7.2 million) Source text for Eikon: Further company coverage: |
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Msg # | Subject | Author | Recs | Date Posted |
1523 | Re: Winding up ops. | bullhonky | 0 | 4/26/2017 12:29:18 PM |