SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KERM'S KORNER
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kerm Yerman who wrote (14648)1/6/1999 11:12:00 PM
From: Kerm Yerman   of 15196
 
CORP, ANNOUNCEMENT / Newstar Resources Inc. Announces Deferral of Consolidation

HOUSTON, TX & MONROE, MI, Jan. 6 /CNW/ - Newstar is pleased to announce
that the Company has delayed, until mid-March, the implementation of the
''Plan of Arrangement'' recently approved by the shareholders. The Company
hopes that it will not be necessary to proceed with the proposed consolidation
of its shares which forms part of the ''Plan of Arrangement''.

Newstar still plans to complete the ''Plan of Arrangement'' as it relates
to the continuation of the Company in the State of Delaware and the related
name change.

Newstar is working with several interested parties on a refinancing plan
designed to eliminate its working capital deficiency and provide funds to
develop its oil and gas properties. In the meantime, the Company continues to
take steps to reduce its overhead.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News