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Altai Resources ( (TSE:ATI) ) has shared an update.
Altai Resources Inc. announced that its shareholders have approved a special resolution to reduce the stated capital account of the company’s common shares by up to $4 million. This move allows the company to distribute the amount to shareholders as a return of capital, which could potentially impact shareholder value and the company’s financial strategy.
More about Altai Resources
Altai Resources Inc. is a Toronto, Ontario-based resource company with an oil property in Alberta and a Canadian investment portfolio consisting of cash and cash equivalents.
Average Trading Volume: 116,146
Technical Sentiment Signal: Buy
Current Market Cap: C$4.48M
See more insights into ATI stock on TipRanks’ Stock Analysis page.