American Antimony Corporation (Operating as Xtra Energy Corporation) Announces Successful Resolution of Legal Matter Resulting in Cancellation of 15.24 Million of its Common Shares [Yahoo!...
XTRA ENERGY CORP (XTPT)
Company Research
Source: Yahoo! Finance
announce the successful resolution of legal matter resulting in cancellation of 15,240,000 of its Common Shares. The Company had filed a Complaint in District Circuit Court against certain shareholders related to an acquisition agreement originally entered in 2012. Following the termination of that agreement in 2012, those shareholders failed to return shares that had been issued to them. As a result, the Company sought judicial relief to cancel and return these shares to the treasury. The Court has now rendered its judgment in favor of the Company, resulting in the cancellation of 15,240,000 common shares . This cancellation represents a reduction of approximately of the Company's total issued and outstanding Common shares. About American Antimony Corporation Operating as Xtra Energy Corp. (OTCID:XTPT) a U.S.-based mineral resource company focused on advancing critical mineral supply chain independence . The Company's primary asset focus is antimony , a federally designated c
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