U.S. markets closed

  • S&P Futures

    4,208.00
    +1.75 (+0.04%)
     

  • Dow Futures

    34,598.00
    +8.00 (+0.02%)
     

  • Nasdaq Futures

    13,684.00
    +10.25 (+0.07%)
     

  • Russell 2000 Futures

    2,297.70
    +0.70 (+0.03%)
     

  • Crude Oil

    68.72
    -0.11 (-0.16%)
     

  • Gold

    1,910.60
    +0.70 (+0.04%)
     

  • Silver

    28.29
    +0.09 (+0.30%)
     

  • EUR/USD

    1.2212
    -0.0004 (-0.04%)
     

  • 10-Yr Bond

    1.5910
    -0.0240 (-1.49%)
     

  • Vix

    17.48
    -0.42 (-2.35%)
     

  • GBP/USD

    1.4172
    0.0000 (-0.00%)
     

  • USD/JPY

    109.6100
    +0.0660 (+0.06%)
     

  • BTC-USD

    37,700.50
    +1,071.94 (+2.93%)
     

  • CMC Crypto 200

    1,006.26
    +37.18 (+3.84%)
     

  • FTSE 100

    7,108.00
    +27.54 (+0.39%)
     

  • Nikkei 225

    28,946.14
    +131.80 (+0.46%)
     

Thunder River Enterprises Announces Implementation of Share Consolidation

·2 min read

TORONTO, ON / ACCESSWIRE / June 2, 2021 / Thunder River Enterprises Inc. ("Thunder River" or the "Company") announces that that effective June 1, 2021 the Company's common shares (the "Common Shares") were consolidated on the basis of one (1) new Common Share for every eight (8) Common Shares outstanding (the "Consolidation"). The shareholders of the Company approved the Consolidation at its annual and special meeting of shareholders held on January 4, 2021 (the "Shareholders Meeting"). The board is implementing the Consolidation in order to increase its flexibility with respect to potential business transactions. Prior to giving effect to the Consolidation there were 50,460,440 Common Shares outstanding and after giving effect to the Consolidation, the Company now has approximately 6,307,555 Common Shares issued and outstanding. Letters of transmittal with respect to the Consolidation will be sent to the shareholders of the Company. Copies of the letter of transmittal may be obtained from Computershare Trust Company of Canada ("Computershare"), the registrar and transfer agent of the Company, by contacting Computershare by telephone at 1-800-564-6253. The Company's name will remain unchanged. The CUSIP number for the post-Consolidation Common Shares is 886048206. Further details regarding the Consolidation are contained in the Company's management information circular dated November 30, 2020, which has been filed on SEDAR at www.sedar.com.

About Thunder River
Thunder River was incorporated under the Business Corporations Act (British Columbia) and has never carried on an active business other than the identification and evaluation of assets or businesses with a view to completing a transaction.

For further information contact:
Thunder River Enterprises Inc.
Attention: Scott Kellaway, Chief Executive Officer
Phone: (807) 577-6463
E-mail: skfmi@tbaytel.net

SOURCE: Thunder River Enterprises Inc



View source version on accesswire.com:
https://www.accesswire.com/650207/Thunder-River-Enterprises-Announces-Implementation-of-Share-Consolidation

Recommended Stories

  • JPMorgan Chase on opening bank branches: 200 down, 200 to go

    NEW YORK (Reuters) -JPMorgan Chase & Co is halfway through a campaign to open 400 new bank branches and is closing in on being the first U.S. bank to have a brick and mortar presence in every state except Alaska and Hawaii, a bank executive said on Wednesday. JPMorgan is already the largest American bank by assets, providing loans, credit cards, savings accounts and other services to nearly half of all U.S. households. In 2018, the bank said it would open 400 branches in new markets to try to get more business from existing clients, said head of Chase branch expansion Dan Deegan.

  • The Collapse of Juul's Valuation

    Jun.02 -- Bloomberg's Lauren Etter talks about the collapse in Juul's valuation and challenges it faces in the market place and from lawmakers.

  • Gold Price Forecast – Gold Markets Continue to Tread Water

    Gold markets have gone back and forth during the course of the trading session on Wednesday as we continue to see the markets debate the next move near the $1900 level.

  • Oil Hits 2018 Highs, Awaits Early Data on ‘Memorial Day Drive’

    Oil prices pushed to 2018 highs on Wednesday as market participants awaited with enthusiasm for data that could provide the first insight into what this summer’s demand for motoring and gasoline consumption could be. The American Petroleum Institute is scheduled to report at 4:30 PM ET (21:30 GMT) a sampling of crude oil, gasoline and distillates inventory for the week to May 28, ahead of U.S. government data for the same due on Thursday. While the weekly period in the data covered by both the API and U.S. Energy Information Administration will only be through Friday, it will, nevertheless, give an early indication into how much motorists filled up during the three-day break leading to Monday’s Memorial Day holiday.

  • Dogecoin Bulls in Charge After Coinbase Makes It Official

    The stars are aligning for the cryptocurrency project that started as a joke, Dogecoin.

  • Etsy to Acquire Global Fashion Marketplace Depop For $1.6B

    Etsy Inc (NASDAQ: ETSY) inked an agreement to acquire London’s second-hand fashion marketplace Depop for $1.625 billion. Depop will continue to be headquartered in London, England, and operate as a standalone marketplace under its existing leadership team. Depop clocked 2020 gross merchandise sales (GMS) of $650 million and revenue of $70 million, each increasing over 100% year-over-year. Following the close of this transaction, Etsy will operate three highly differentiated, non-commoditized e-c

  • Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend

    (Bloomberg) -- Saudi Aramco is preparing to return to global capital markets with a bond that would help fund a $75 billion dividend commitment, according to people with knowledge of the plan.The world’s biggest energy company has picked around 15 banks to manage a sale of Islamic debt, or sukuk, that could happen this month, according to people with knowledge of the matter. The state-controlled firm may seek to raise around $5 billion, one of the people said.Aramco is considering a sale of both

  • The $15 billion jet dilemma facing Boeing's CEO

    Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say. Boeing is reeling from a safety scandal following crashes of its 737 MAX airliner and an air travel collapse caused by the pandemic. Boeing's share of the single-aisle jetliner market - where it competes in a global duopoly with Airbus - has faded from some 50% a decade ago to roughly 35% after the 737 MAX's lengthy grounding, according to Agency Partners and other analysts.

  • Malaysia's Axiata joins hands with RHB Bank to seek digital bank licence

    KUALA LUMPUR (Reuters) -Malaysian telecoms firm Axiata Group Bhd and RHB Bank Bhd said on Wednesday they have teamed up to apply for for a digital banking licence, joining what is expected to be a crowded field for a handful of licences on offer. While RHB, like other traditional banks, offers customers its own online banking services, it said the planned partnership with Axiata's fintech unit, Boost Holdings Sdn Bhd, would focus on services for underserved retail customers and small and medium-sized businesses. If their application is approved, Boost Holdings will own 60% of the digital bank while RHB will hold the rest.

  • Analysis: Global corporate tax crackdown gets ethical investor boost

    After years of negotiations over complex arrangements deployed by big companies, G7 finance ministers meeting in Britain on Friday are expected to declare their support for a global accord to address billions of dollars in lost tax revenue. This push is backed by some large investors, often state-run, who are scrutinising tax bills as well as profits.

  • Malaysia's AirAsia X gets shareholder go-ahead for restructuring plan

    AirAsia X Bhd shareholders have approved the Malaysian budget airline's debt restructuring, it said on Tuesday, allowing it to pursue a scheme it viewed as key to survival. Shareholders of the long-haul affiliate of AirAsia Group Bhd approved all resolutions at an extraordinary general meeting, including a rights issue and a share subscription for new investors to raise 500 million ringgit. AirAsia X last October proposed restructuring its 64.15 billion ringgit ($15.6 billion) debt into a principal amount of 200 million ringgit and having the rest waived.

  • Analysis-China's banks are bursting with dollars, and that's a worry

    A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. A previous jump, late in 2017, preceded heavy dollar selling which turbocharged a steep yuan rally in early 2018. "This positioning in particular, in our view, is susceptible to a capitulation if the broad dollar downtrend were to continue," said UBS' Asia currency strategist Rohit Arora, especially if the yuan gains past 6.25 or 6.2 per dollar.

  • Exclusive: SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi - sources

    SoftBank Group Corp is in talks to invest in Dubai "cloud kitchen" Kitopi's latest funding round through its second technology fund, sources familiar with the matter said. The Japanese company's Vision Fund 2 has put forward a proposal to lead an investment of about $400 million in Kitopi, said the sources, who declined to be named as the matter is not public. SoftBank declined to comment.

  • AMC stock surges more than 100% to record intraday high, market cap overtakes GameStop

    Shares of AMC Entertainment Holdings rallied again on Wednesday, with shares nearly doubling in value as investors on Reddit and other social media platforms piled into the meme stock.

  • Orsted plans $57 billion drive to be No.1 in green energy

    COPENHAGEN (Reuters) -Orsted, the world's largest offshore wind farm developer, is ramping up its investment in renewables to $57 billion by 2027, seeking to become a global leader in green energy and fend off growing competition. The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at limiting global warming. Europe's biggest wind power generator Iberdrola earlier this year pledged to spend 150 billion euros ($182 billion) by 2030 to triple its renewable capacity and double its network assets.

  • Bitcoin price crash leaves only one good course of action for believers: strategist

    Traders in bitcoin should make this move after watch prices crash over the past month, says one crypto expert.

  • Investor magnet Israel tarnished by Palestinian conflict, but pull still strong

    LONDON (Reuters) -As the Israeli-Palestinian conflict's bloodiest chapter in years played out last month, the world's biggest sovereign wealth fund said it was dropping two Israeli companies from its investment portfolio on humanitarian grounds. A Shapir spokesman said the investment had been about $1 million, adding there was no Israeli company that did not "operate in or gain from" the West Bank territories.

  • AMC stock will 'fall hard' because the company isn't changing the world like Tesla: strategist

    Wall Street pros suggest retail traders need to be careful with shares of movie theater chain AMC after its latest one-day surge in value.

  • Erdogan Renews Rate-Cut Demands as Economy Erodes Support

    (Bloomberg) -- Turkish President Recep Tayyip Erdogan renewed calls for lower interest rates despite elevated inflation, sending the lira to a fresh low against the dollar and prompting the central bank governor to push back against expectations of an imminent move.With a vague reference to summer months as a target date for a reduction in borrowing costs, it was Erdogan’s latest intervention at the central bank, where he installed Governor Sahap Kavcioglu in March after firing the previous gove

  • Asia Refiners a Face Double Blow to Profits from Iran, Covid

    (Bloomberg) -- Asian refineries are grappling with what’s expected to be a brief period of weak profits as a demand-sapping Covid-19 comeback across the region coincides with a likely surge in oil-product exports from Iran.The virus resurgence in India and other nations apart from China is reducing consumption of products such as gasoline and jet fuel, squeezing the profit margins of refiners. The market is also bracing for the possibility of a boost to Iranian fuel oil supplies into Asia should a nuclear deal be revived.That’s led to complex refining margins in Singapore, a proxy for Asia, falling from $1.65 a barrel at the end of April to as low as 3 cents in mid-May. While it’s a setback for processors recovering from the pandemic, margins have rebounded slightly and are expected to resume an upward trajectory as soon as the third quarter with accelerating vaccination rates aiding demand.The average profit from converting crude into gasoline in Asia -- the so-called crack spread -- fell in May from April, snapping a three-month gain. Across the region, restrictions in place from Malaysia, Vietnam to Japan have sapped demand for transportation fuel. Oil consultant FGE sees India’s gasoline consumption as the “biggest stumbling block to Asia’s demand recovery,” with an estimated 20% fall in April through June versus the previous quarter.See also: Japan’s April Fuel Stocks Rise Despite Drop in Production“Export is not a very attractive option,” said N. Vijayagopal, the finance director at Bharat Petroleum Corp., India’s second biggest fuel retailer. Refiners across the country are facing a double whammy caused by weaker regional markets and lower domestic consumption that’s prompting them to set aside earlier plans to maintain run rates and reduce operations instead.Complex refining margins in Singapore were at 60 cents a barrel on Monday and averaged about 71 cents in May. That compares with $2.41 in the same period in 2019, prior to the pandemic. The profit from converting crude to gasoline in Asia was at $8.85 on Tuesday after averaging about $8.48 in May.Iran FlowsThe restart of some crude processing capacity after seasonal maintenance will boost fuel supplies and offset some of the expected increase in demand, limiting the gains in refining margins, said Victor Shum, vice president of energy consulting for IHS Markit.Most are expecting a flood of crude should the nuclear accord be renewed with Iran, but it’s the prospect of rising fuel oil flows -- used to power ships and for electricity generation in some countries -- that’s raised concerns for Asian refiners, especially as China boosts output of heavy fuel.Margins for very low-sulfur fuel oil dropped below $10 a barrel in mid-May for the first time since December, easing from a high of almost $16 at the end of February. Cracks in May were also at the lowest average in five months. Margins for high-sulfur fuel oil fell as low -$8.80 in May, from -$3.71 in April.Diesel demand, most notably from China, is proving to be the bright spot and has provided a buffer for overall margins. Consumption in Asia during the first three months of the year was at 9.4 million barrels a day, or about 98% of 2019 levels, and is expected to edge higher during the second quarter, according to Yuwei Pei, a consultant at Wood Mackenzie Ltd.Singapore’s stockpiles of middle distillates -- a category that includes diesel -- fell through the week ended May 26 to the lowest since April 2020. Covid-19 restrictions and the return of refineries after seasonal maintenance may lead to rising Asian inventories, but regional diesel cracks could increase $3 to $4 a barrel to as much as $10 by December, according to Wood Mackenzie.“As the Covid-19 situation in Asia stabilizes and restrictions are eased, improvement in cracks of transportation fuels should support both simple and complex refining margins through the third quarter,” said Grayson Lim, a senior oil market analyst at FGE(Updates margins and adds analyst comment in seventh paragraph.)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.