Aztore Announces Delay of Meeting
SOURCE:
Aztore Holdings, Inc.
2008-08-07 15:08:00
Aztore Announces Delay of Meeting
PHOENIX, AZ–(EMWNews – August 7, 2008) – Aztoré Holdings, Inc. (
Arizona corporation with an estimated 300 shareholders (the “Company”),
announced today that it has delayed its pending shareholders meeting from
Monday, August 11, 2008 until Monday, August 25, 2008. The reason cited
for the delay was to assure that all shareholders would receive adequate
notice of the meeting. The main purpose of the meeting is to vote on a
one-for-2,200 share reverse split that would have the effect of taking the
company private. Shareholders with less than one share after the reverse
would be paid $.15 for their “old” shares. The Board of Directors
determined that this is the fair value for the shares taking into account
the speculative and illiquid nature of the Company’s assets. The major
shareholders holding more than 50% of the shares have committed to vote
“FOR” the Reverse Split and the going private plan.
About Aztoré. See aztore.com. Since 1995, the Company has been engaged in
the investment business specializing in very small and speculative public
companies. Aztoré, even though it has more than 100 shareholders, is
exempt from regulation under the Investment Company Act of 1940 due to its
bankruptcy antecedents. During the period covering fiscal 2002 through
fiscal 2004, Aztoré liquidated significant portions of its portfolio and
paid off liabilities of more than $2,000,000. Aztoré is continuing to
concentrate its investment positions.
FOR MORE INFORMATION CONTACT:
Michael S. Williams |
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