Welcome North restructuring

Following completion of a $2-million private placement and a share consolidation, Welcome North Resources (VSE) will retain M.O.F. Management to manage the company’s investments.

Welcome North operates as a holding company, administering properties for farm-out as well as managing a portfolio of marketable resource-related securities.

The company has about $2.5 million in cash plus investments, as well as 12.6 million shares outstanding.

Welcome North plans to raise an additional $2 million through a private placement. It will also roll back its current 12.6 million common shares on the basis of one new for eight old shares.

Print

 

Republish this article

Be the first to comment on "Welcome North restructuring"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close