- Centaurus Energy (CTA) shares results of annual general and special meeting for its shareholders held on July 20
- Centaurus (CTA) is an independent upstream oil and gas company with both conventional and unconventional oil and gas operations in Argentina
- Centaurus (CTA) is trading at C$0.01 as of July 25, 10:00 a.m. EDT
Centaurus Energy (CTA) has shared the results of its recent annual general and special meeting held on July 20.
Shareholders approved the election of David Tawil, Steven Balsam and William Schubin and approved, adopted and ratified a 10 per cent rolling stock option plan for the corporation.
Shareholders also approved a resolution approving the consolidation of all of the corporation’s issued and outstanding common shares on an up to five to one basis. The resolution expires 15 months from the date of approval.
This means for every 500 shares held by a shareholder each Shareholder will receive one common share after the consolidation takes effect.
No fractional common shares will be issued in connection with the consolidation.
This will not materially affect the percentage ownership in the corporation of shareholders, even though a smaller number of shares will represent such ownership. It will proportionally reduce the number of common shares held by shareholders.
Completion is subject to approval from the TSX Venture Exchange.
Centaurus (CTA) is an independent upstream oil and gas company with both conventional and unconventional oil and gas operations in Argentina.
Centaurus (CTA) is trading at C$0.01 as of July 25, 10:00 a.m. EDT.