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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. Compania Minera holds rights to the Santo Domingo II and Nombre de Dios mining concessions, located approximately 80 kilometers northwest of Guadalajara, the capital city of the State of Jalisco, Mexico. It also holds a net smelter royalty of 0.5% on properties located in Hislop Township, Ontario.


TSXV:SDR - Post by User

Comment by NSX001on Feb 27, 2021 5:31pm
134 Views
Post# 32679950

RE:Share

RE:ShareHi Isidoro,

In answer to your question, the outstanding shares were reduced  in a 10 for 1 reverse split. The share price increased by 10 times in the process. So, the value of Stroud did not change, everything remained the same, just less number of shares.

I believe that there was a vote taken during the shareholders meeting to allow for the reverse split, so, everyone was given a chance to vote on this.

Stroud now has approximately 45,640,000 shares outstanding or (456,400,000 shares before the split). Which also includes the shares purchased by Mr. Eric Sprott, once Eric Sprott purchases the remaing shares using his warrants at $0.60/each by July 30/21, he will own roughly 54% control of Stroud. This will also put approximately another $2,000,000.00 plus into Strouds bank account.

I hope this explains what you were asking.

P.S. My numbers may be off by a little since I don't have all of the data

NSX001

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