Welcome!

News Feed Item

Beeston Enterprises Ltd. announces one-for-ten reverse split

BLAINE, WA, April 23, 2014 /PRNewswire/ - BEESTON ENTERPRISES LTD. (OTCQB:BESE) (the "Company"), today announced that on April 18, 2014, its Board of Directors, with the approval of a majority of its shareholders, authorized a reverse stock split of one for ten (1:10) of the Company's issued and outstanding shares of common stock (the "Reverse Split"). The effectiveness of the Reverse Split (the "effective date") is subject to approval by the Financial Industry Regulatory Authority, Inc ("FINRA").  The shareholder record date will be the effective date as determine by FINRA and is expected to be April 28, 2014.

As a result of the Reverse Split, every 10 shares of the Company's pre-Reverse Split common stock will be consolidated into 1 share of its common stock. No fractional shares will be issued; however, each fractional share will be rounded up to the nearest whole share. The Company's authorized common stock will not be affected by the Reverse Split.  Proportional adjustments will be made to the Company's outstanding warrants which will be adjusted to reflect the Reverse Split.  

Shareholders holding shares in brokerage accounts will not be required to take any action once the Reverse Split becomes effective, as the number of their shares of the Company's stock will be automatically adjusted to reflect the number of shares as adjusted by the Reverse Split. Shareholders of record holding physical stock certificates will receive a Transmittal Letter once the reverse stock split becomes effective requesting that they surrender their old stock certificates for new stock certificates reflecting the adjusted number of shares resulting from the Reverse Split.  ClearTrust, LLC, the Company's transfer agent, will act as agent for purposes of implementing the exchange of stock certificates.  Stockholders can contact ClearTrust, LLC with any questions at (813)235-4490.

Beginning with the opening of trading on the effective date, the Company's common stock will trade on the OTCQB on a Reverse Split adjusted basis. The Company's trading symbol on the effective date will change to "BESED".  The "D" will be removed 20 business days from that date and the symbol will revert to the original symbol of "BESE". The Company will issue a News Release announcing the effective date of the Reverse Split upon receipt of approval from FINRA.  

The Board of Directors of the Company believes the Reverse Split is in the best interests of the Company for a number of reasons, including the need to meet the OTCMarkets soon to be introduced minimum bid price requirement that our common stock must have a minimum bid price of $0.01 per share as of the close of business for at least one of the previous thirty consecutive calendar days in order to qualify for quotation on OTCQB's trading system. There can be no assurance that the Reverse Split will have the desired effect of raising the bid price of the Company's common stock to $0.01 per share to meet this requirement.

ABOUT: BEESTON ENTERPRISES LTD.

Beeston Enterprises Ltd. is an exploration stage company, engaged in the acquisition, exploration, and development of mineral properties in Canada and the United States. It primarily explores for copper, gold, and silver properties and currently holds mineral tenures in Southern British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS of Beeston Enterprises Ltd.

Michael Upham, Director

SOURCE Beeston Enterprises Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...