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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Post by pennydredfulon Jun 12, 2024 7:21pm
136 Views
Post# 36086065

Reasons for the one for four reverse split

Reasons for the one for four reverse split1.  puts  the  stock  in  a  higher  price  category  comparable  to  other  juniors  2, perception  of better quality  3.   allows  existing  holders  and new ones  to  buy  on  margin  if  they  choose  to  do  so  . 4. should   allow   a  quarterly   dividend  of   .01  per  share   to  start   sooner  ---on  the  new  25  million  shares    this   amounts   to   250000.00  Q  .  This   is  to   signal   to   the market   we are  going   to be   a dividend   payer   that   will   increase  over   time   (  similar  to  Surge)  .   
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