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    CCDX NEWS!! outstanding shares reduced by 31%!! - 500 Beiträge pro Seite

    eröffnet am 14.06.06 20:16:47 von
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      schrieb am 14.06.06 20:16:47
      Beitrag Nr. 1 ()
      Concorde Resources Corp: Revised Common Issued and Outstanding Reduced by 31%
      Concorde Resources Corp (PINKSHEETS: CCDX) announced today that certain common shareholders have arranged with the Company to surrender 13,217,029 shares of common stock in exchange for CCDX Preferred "B" shares. The Preferred B shares are restricted for two years from issue, pay a 5% annual dividend, and are non-voting until converted. CCDX Preferred B shares are CUSIP 20651U-20-2.

      In addition, 2.6m CCDX common shares have been demanded back to certificate from the DTCC by individual shareholders. Upon the completion of these transactions, CCDX common issued and outstanding will be approximately 35.5m shares. 22.3 of the issued and outstanding are restricted under rule 144. CCDX is debt-free.

      Management has stated that it will continue to attempt where possible to reduce the issued and outstanding in its ongoing attention to create a fair and orderly market for its public securities. Company management believes "these initiatives are an essential part of the Company's strategy and commitment to effect stabilization in order to assist future acquisitions."

      About Concorde Resources Corp.:

      Concorde Resources Corp. is a diversified investment conglomeration that develops partnerships and/or acquires control and recapitalizes small high growth businesses in selected business sectors.

      The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by CCDE may differ materially from these statements due to a number of factors. CCDE assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

      Source: Market Wire (June 14, 2006 - 1:45 PM EDT)

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      schrieb am 14.06.06 20:22:40
      Beitrag Nr. 2 ()
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      CCDX NEWS!! outstanding shares reduced by 31%!!