Business
Alter NRG Corp. completes share consolidation
TSX - NRG OTCQX - ANRGF CALGARY , June 26, 2014 /CNW/ - Alter NRG Corp. ("Alte...
About this update from Pinnacle Silver And Gold Corp
[{"type":"text","content":"\n\nTSX - NRGOTCQX - ANRGF\n\n\n\nCALGARY, June 26, 2014 /CNW/ - Alter NRG Corp. (\"Alter NRG\" or the \"Company\") announces that it has completed the consolidation of its common shares on a ratio of four (4) existing common shares for one (1) new common share (the \"Share Consolidation\"). The Share Consolidation had previously been approved by Alter NRG's shareholders at its annual and special general meeting held on June 13, 2014.  \n\nThe Share Consolidation was announced on May 27, 2014 and in that press release Walter Howard, CEO of Alter NRG, stated that \"Alter NRG has achieved significant milestones and continues to attract commercial attention and new customers worldwide. However, in the capital markets we are often overlooked and share price is a contributing factor as many investors cannot invest in stocks below a certain price. I believe that a reverse split will allow a greater number of investors to evaluate an open market investment in Alter NRG and it will also provide us the flexibility to list on an exchange in a larger capital market should we choose to do so.\" \n\nThe Company has received approval from the Toronto Stock Exchange (\"TSX\") to effect the consolidation and it is expected that the post-consolidation common shares will begin trading on the TSX at the opening of market on June 30, 2014, under the same stock symbol: NRG.  \n\nLetters of transmittal, describing the process by which shareholders may obtain new certificates representing their consolidated common shares, have been mailed to the Company's registered shareholders. All registered shareholders will be required to send their share certificates representing pre-consolidation common shares, along with a properly executed letter of transmittal, to the Company's transfer agent, Valiant Trust Company at either, 600 – 750 Cambie Street, Vancouver, BC V6B 0A2 or Suite 710, 130 King Street SW, Toronto, ON M5X 1A9.  Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not need to complete a letter of transmittal.  No fractional shares will be issued under the share consolidation.  If as a result of the Share Consolidation a holder would otherwise be entitled to a fraction of a common share, the number of shares post-consolidation shares t...