Teekay Tankers Outlines Corporate Continuance

Teekay Tankers (TNK) has released an update.

Teekay Tankers Ltd., an exempted company with limited liability shares, has announced its Memorandum of Continuance under the Bermuda Companies Act 1981. The company’s authorized share capital consists of multiple classes of shares, including Class A and B Common Shares and Preference Shares, all with a par value of US$0.01 each. Furthermore, Teekay Tankers has the capacity to engage in a wide range of activities, mirroring the rights and powers of a natural person.

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