Showing posts with label PetroTerra Corp. reports converse stock split. Show all posts
Showing posts with label PetroTerra Corp. reports converse stock split. Show all posts

Tuesday, July 7, 2015

PetroTerra Corp. reports converse stock split

PetroTerra Corp. reports converse stock split

Tuesday, Jul 07, 2015

PetroTerra Corp. (OTCQB: PTRA; PTRAD) ("PetroTerra" or the "Organization"), a free oil and gas investigation organization, declared today that on July 1, 2015 it effected a 1:2.5 opposite split of its normal stock. PetroTerra's regular stock is exchanging on a split-balanced premise under another CUSIP number 71676F308 and transitory image "PTRAD," with the "D" attached to imply that the opposite stock split has happened. PetroTerra's exchanging image will return to "PTRA" following 20 exchanging days approximately July 30, 2015.

The converse stock split is expected to solidify the quantity of shares exceptional to mirror a more streamlined capital structure for future capital raising open doors.

As an aftereffect of the converse stock split, each 2.5 shares of approved, issued and remarkable normal stock were changed over into 1 offer of basic stock. As an aftereffect of the converse stock split the quantity of shares of the Company's basic stock extraordinary was diminished from more or less 65.8 million to roughly 26.3 million. Furthermore, the quantity of approved shares of the Company's basic stock was diminished from 100 million to 40 million. Any partial shares coming about because of the opposite stock split have been gathered together to the closest entire offer.

Stockholders holding shares through an investment fund will have their shares consequently changed in accordance with mirror the converse stock split as of the viable date. Stockholders with existing stock testaments who have inquiries in regards to the split may call the Company's exchange specialists, Island Stock Transfer, at 727-289-0010.

About PetroTerra Corp.

PetroTerra Corp. (OTCQB: PTRA; PTRAD) is an autonomous oil and gas investigation organization situated in Colorado Springs, Colo. The Company is occupied with distinguishing, assessing and growing early stage inland oil and gas opportunities in the household U.S. The Company's technique is to concentrate on an orderly way to deal with assess resources that are situated in high potential, demonstrated bowls and to judiciously create and deal with those advantages for make most extreme worth for shareholders. The Company's present center is on the Sevier and Beaver Oil Project in west focal Utah. The Company claims a 100% working interest and 80% net income enthusiasm for the venture.

For more data, please visit : http://www.petroterracorp.com

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