Celesta II Corp. announces name change, stock split. (Spectrum Resources Inc.)

PR Newswire | May 11, 1989 | Copyright

CELESTA 11 CORP. ANNOUNCES NAME CHANGE, STOCK SPLIT

LONGMONT, Colo., May 11 /PRNewswire/ -- The board of directors of Celesta 11 Corp. (OTC: Pink Sheets) has moved to change the name of the company to Spectrum Resources Inc. In addition, they have recommended a 1-for-25 reverse stock split. The total number of shares outstanding in Celesta 11 Corp. is 180,468,400 prior to the reverse split. After the split, the total outstanding shares will be 7,218,736. They also recommended the authorization of 2,000,000 shares of preferred stock. Terms of the preferred ...

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