SmallCapNewsRelease:(OTCBB: LSTG) To Cancel Shares and Boost Shareholder Value
JERICHO, NY—(SmallCapNewsRelease)—January 18, 2012, Lone Star Gold, Inc. (OTCBB: LSTG) has announced that two of their largest shareholders have agreed that the company will redeem and cancel a total of 30 million issued and outstanding shares.
The cancellation will effectively reduce Lone Star’s total outstanding shares from 116.7 million to 86.7 million, or a reduction of 25.7%. The move is also intended to enhance the Company’s ability to continue to draw down from its USD$15 million equity financing agreement with equity investor North American Gold Corp. due to the expectation of yielding a higher stock price.
To view the entire press release, please visit http://finance.yahoo.com/news/Lone-Star-Gold-Inc-Agrees-iw-4106415952.html?x=0
SmallCapNewsRelease gainers are Eurotech Holdings Limited (NASDAQ: CLWT) Net 1 UEPS (NASDAQ: UEPS) General Finance (NASDAQ: GFNCL) New Concept Energy (NYSE: GBR) Columbia Laboratories (NASDAQ: CBRX) Pro-Dex, Inc (NASDAQ: PDEX) StarTek, Inc (NYSE: SRT) Fuwei Films (NASDAQ: FFHL)
SmallCapNewsRelease decliners are Majesco Entertainment (NASDAQ: COOL) Ku6 Media (NASDAQ: KUTV) Icahn Enterprises (NASDAQ: IEPRR) Global-Tech Advanced Innovation (NYSE: GAI) BancorpSouth Inc (NYSE: BXS) GenOn Energy, Inc (NYSE: GEN) CPI Corp (NYSE: CPY) Torch Energy (NYSE: TRU)
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid SmallCapNewsRelease one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation do no trading of any kind and send no Faxes or emails.
- Contact Information
- Eric Jensen
- Media Contact
- (1) 5169424910
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.