Barringer Laboratories, Inc. Shareholders Vote To Increase Number of Authorized Shares of Common Stock.Business Editors GOLDEN, Colo.--(BUSINESS WIRE)--March 31, 2000 At a Special Stockholders Meeting held on March 29, 2000, the shareholders of Barringer Laboratories, Inc. voted in favor of upon the side of; favorable to; for the advantage of. See also: favor increasing the number of authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of common stock from 10 million to 50 million. As indicated in a recent Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , which was filed with the SEC on March 3, 2000, a portion of the increased number of authorized shares will be issued to redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. convertible debt previously issued, as well as additional convertible debt contemplated by the company. Otherwise, there are no current plans to issue additional shares of the company's common stock. |
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