Alpha Diamond Corp. Announces a Resolution to Reverse Split the Company's Stock on the Basis of One Share for Each Twenty Outstanding.TORONTO--(BUSINESS WIRE)--Sept. 11, 1997--The board of directors of Alpha Diamond Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ALDM ALDM Augmented Lagrangian Decomposition Method ) held a special meeting on Sept. 5, 1997 and approved a resolution to reverse split the company's common stock on the basis on one share for each twenty outstanding. Fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. will be rounded up to the next whole share. Alpha Diamond Corp. signed a letter of intent on Sept. 6, 1997 with Supera International Ltd. to mine properties in the mineral rich Oda region of Ghana Ghana, country, Africa Ghana, officially Republic of Ghana, republic (2005 est. pop. 21,030,000), 92,099 sq mi (238,536 sq km), W Africa, on the Gulf of Guinea, an arm of the Atlantic Ocean. The capital and largest city is Accra. . These properties contain an estimated $150 million worth of diamonds and gold. Supera management team brings over 40 years experience in prospecting, surveying, testing and mining fields including areas within Africa Both parties are in the process of final negotiations. Alpha Diamond Corp. is currently trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. Symbol, "ALDM," initiated trade as of Aug. 8, 1997. For further information please contact: Richard Brodzik, Alpha Diamond Corp., 45 La Rose Avenue, Suite 1608, Weston, Ontario, Canada, M9P 1A8; Bus: 416/244-6373; Fax: 416/244-9616 CONTACT: Alpha Diamond Corp. Richard Brodzik, 416/244-6373 |
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