Beat News Yet for the New ARU Investor
Aurelian seeks shareholder approval for 4:1 stock split
2007-05-28 08:31 ET - News Release
Shares issued 33,300,615
ARU Close 2007-05-25 C$ 31.40
Mr. Patrick Anderson reports
AURELIAN SEEKS SHAREHOLDER APPROVAL FOR STOCK SPLIT
Aurelian Resources Inc. is seeking shareholder approval for a 4:1 split of its common shares. Shareholders will vote on the proposal at Aurelian's annual and special meeting, scheduled for June 20.
"The proposed split should bring our share price below $10, allowing for broader participation in ARU stock and, ultimately, resulting in enhanced liquidity and an expanded shareholder base," says Patrick F.N. Anderson, Aurelian's president and chief executive officer. "We appreciate the market's enthusiastic reaction to our gold discovery in Ecuador and the resulting increase in the value our shares over the past year. Our goal is to make ARU stock easily accessible once again to individual investors."
Currently, Aurelian has 33.3 million shares outstanding. Upon implementation of the stock split, this number will increase to 133.2 million