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Altima Resources Ltd V.ARH

Alternate Symbol(s):  ARSLF

Energy Oil & Gas E&P
Altima Resources Ltd. is a Canada-based company, which is engaged in the exploration for and the development of petroleum and natural gas in Canada. The Company is focused on acquiring undervalued oil and gas assets, exploiting existing low risk high return asset enhancement / development / optimization opportunities. The Company acquired petroleum and natural gas properties in the Red Earth oil property in Alberta and a number of smaller assets in Alberta and British Columbia. The Company's subsidiaries include Altima Resources Ltd., Unbridled Energy Corp., Crimson Oil and Gas Ltd., Unbridled Energy USA Inc., Unbridled Energy New York LLC, Unbridled Energy PA LLC and Unbridled Energy Ohio LLC.


TSXV:ARH - Post by User

Altima Resources Ltd
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Post by digger69on Dec 29, 2016 11:47am
149 Views
Post# 25650178

B.O.D. Positions & Consolidation

B.O.D. Positions & Consolidation Our board of directors are holding quite a few shares...

Joe DeVries - CEO/President - holds 22,671,500 shares

Stephen Watts - Director- holds 24,773,520 shares

Jurgon Wolf - Director- holds 2,077,500 shares 

James O'Byrne - Chairman & Director - holds 1,027,000 shares 


The final consolidation ratio (up to 15:1) an the effective date of the Consolidation shall be the date determined by the directors, in their sole discretion, subject to applicable regulatory and stock exchange requirements. 

IMO with the BOD holding approx 1/6th of the shares one has to think they truly believe consolidation is best for them and us!  One would also think it will be close to the previously announced .09 valuation the company gave themselves which makes today's price one hell of a deal!

Cheers
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