Aldebaran Spins Out 18.5M Centauri Shares in Arrangement
Aldebaran Resources distributed 18.5 million Centauri Minerals shares to its shareholders under a plan of arrangement. Centauri to resume trading Aug 31 on TSX-V.
CENTRAL GARDEN & PET CO currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Aldebaran Resources Inc. (TSX-V: ALDE, OTCQX: ADBRF) completed the spin-out of its former subsidiary Centauri Minerals Inc. (TSX-V: CENT) through a plan of arrangement, the company said Wednesday.
Under the arrangement, Aldebaran distributed 18,544,058 common shares of Centauri to Aldebaran shareholders of record as of Aug. 26. Each Aldebaran share received one new Aldebaran share and 0.10 of a Centauri share.
The new Aldebaran shares trade under the same symbols on the TSX Venture Exchange and OTC Markets. No action is required from shareholders; Direct Registration System statements will be forwarded.
Centauri is now a reporting issuer in British Columbia and Alberta. Its shares are approved for listing on the TSX-V under the symbol CENT effective Aug. 26, with trading expected to resume Aug. 31.
Before the arrangement closed, Centauri completed a private placement of subscription receipts for gross proceeds of $25.5 million. Those receipts converted into Centauri shares on a one-to-one basis at closing, adding 25.5 million shares to the float.
The distribution was made under exemptions from U.S. securities registration requirements, the company noted.
Trading in Centauri shares is scheduled to resume Aug. 31 in Vancouver.
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