Tuesday February 10, 12:09 pm Eastern Time
Company Press Release
SOURCE: Country Star Restaurants, Inc.
Country Star Restaurants, Inc. Announces Reverse Ten-For-One Stock Split
LOS ANGELES, Feb. 10 /PRNewswire/ -- Country Star Restaurants, Inc. (Nasdaq: CAFE - news; the ''Company''), a Delaware corporation, announces a reverse ten-for-one
stock split of its business on February 11, 1998.
Under the reverse split, every ten (10) shares of outstanding Common Stock, par value of $.001 per share, will be converted into one (1) share of Common Stock, par value
$.01 per share.
No fractional shares will be issued to shareholders otherwise entitled to such fractional shares, and, in lieu thereof, the Company will pay fractional shares in cash based
on the closing price of the Common Stock on February 11, 1998.
Shareholders may exchange their existing stock certificates for new stock certificates by following the instructions that will be mailed to them by the Company's transfer
agent, Continental Stock Transfer & Trust Company. |
