Business
American Energy Completes Reduction of Authorized Shares
American Energy Completes Reduction of Authorized Shares.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n\n\n\nAmerican Energy Completes Reduction of Authorized Shares\n\n\n\n\n\nAmerican Energy Completes Reduction of Authorized Shares\nCompany Reduces Authorized Number of Shares by 70%\nPR Newswire\nALLENTOWN, Pennsylvania, January 25, 2018\n\n\n\nALLENTOWN, Pennsylvania, January 25, 2018 /PRNewswire/ --\n\nAmerican Energy Partners, Inc. (OTC: AEPT) (the 'Company', 'American Energy' or 'AEPT'), a diversified energy company, today announces that it has completed the reduction of authorized shares from five (5) billion to one and a half (1.5) billion authorized shares.\n\nAmerican Energy's Chairman & CEO, Mr. Brad Domitrovitsch, states, \"We are pleased to make this announcement a couple of weeks ahead of schedule.\" Mr. Domitrovitsch went on to reiterate that American Energy's planned capital raise should satisfy our need for proper working capital and acquisition demand funding. To wit, we feel that 1.5 billion shares will be sufficient moving forward and will not require the authorization of additional treasury shares.\n\nAmerican Energy Partners, Inc. (AEPT) \n\n\nAEPT and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.\n\nFor additional information, visit: American Energy Partners, Inc.\n\nSafe Harbor \n\nThis press release contains forward-looking statements, particularly as related to, among other things, the business plans of AEPT, statements relating to goals, plans and projections regarding AEPT's financial position and business strategy. The words or phrases \"would be,\" \"will allow,\" \"intends to,\" \"may result,\" \"are expected to,\" \"will continue,\" \"anticipates,\" \"expects,\" \"estimate,\" \"project,\" \"indicate,\" \"could,\" \"potentially,\" \"should,\" \"believe,\" \"think\", \"considers\" or similar expressions are intended to identify \"forward-looking statements.\" These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from th...