Dallas-based Uranium Resources (TSE) says it will seek regulatory and shareholder approval for a reverse stock split on a 4-for-1 basis. The company, using low-cost in-situ solution mining techniques, produces uranium in south Texas. President Raymond Larson said the move is part of his company’s plan to become eligible for trading on the NASDAQ national market system, and to enhance liquidity of Uranium Resources shares.
The stock split will become effective upon completion of the appropriate regulatory filings and a shareholder vote.
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