In keeping with its move out of the mining industry and into the iron and steel foundry business, Atlantic Goldfields (COATS) has changed its name to Dexus Inc. To coincide with the name change, Atlantic is also planning a capital reorganization. As part of the reorganization, each group of 10 issued common shares will be converted to one common share, and each holder of one common share will receive one Class A non-voting share and one Class B share.
The name change and reorganization are subject to regulatory and shareholder approval. A shareholders’ meeting will be held on June 20.
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