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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sahara Energy Ltd | TSXV:SAH | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 0.02 | 0.025 | 0 | 01:00:00 |
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Sahara Energy Ltd. (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) ("Sahara" or the
"Company") is pleased to announce that, further to its news releases of June 8,
2010 and June 24, 2010, the Court of Queen's Bench of Alberta has approved the
proposal (the "Proposal") under the Bankruptcy and Insolvency Act (Canada). The
Memorandum of Understanding dated June 4, 2010 between the Company and King
World International Holdings Limited provided for the Proposal to be made and
accepted, a 6 for 1 consolidation of the Company's common shares (the
"Consolidation") and an equity private placement of up to 58,000,000 common
shares on a post-consolidation basis (the "Private Placement"). The Proposal
remains subject to regulatory and shareholder approval of the Consolidation and
Private Placement, which shareholder approval is being sought at the annual and
special meeting of shareholders to be held September 3, 2010.
38,036,302 shares outstanding
1 Year Sahara Energy Chart |
1 Month Sahara Energy Chart |
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