Market Overview

Uranium Resources Shareholders Approve Reverse Stock Split

Uranium Resources (NASDAQ: URRE) announced that its
stockholders have approved the charter amendment that will permit the
Company to conduct a reverse stock split of its issued and outstanding
common stock. Of the outstanding shares entitled to vote at a special
meeting of stockholders held on January 14, 2013, 73.9 percent were
“FOR” the reverse stock split.

The amendment allows URI to effect a reverse stock split by a ratio of
not less than 1-for-5 and not more than 1-for-15. The final ratio will
be determined by the Company's Board of Directors and URI anticipates
the reverse stock split will take effect prior to the end of January
2013. The primary intent of the reverse split is to enable

See full press release

Posted-In: News Guidance Management Global

 

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