(NYSE:ATI) TORONTO, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Altai Resources Inc. (TSXV: ATI) (âAltaiâ or the âCompanyâ) announced that at todayâs special meeting (the âMeetingâ) of shareholders of the Company (the âShareholdersâ), the Shareholders approved, with approximately 96.4% of the votes cast in favor of, a special resolution (the âStated Capital Reduction Resolutionâ) authorizing and approving a reduction of the stated capital account of the common shares of the Company (the âCommon Sharesâ) by an aggregate amount to be determined by the board of directors of the Company from time to time up to a maximum cumulative total amount of $4,000,000 pursuant to Section 34(1)(b) of the Business Corporations Act (Ontario) for the purposes of distributing such amount to holders of Common Shares by way of a return of capital in one or more special cash distribution(s).
Related Questions
How will the $4âŻmillion capital reduction impact ATI's share price and liquidity?
What is the expected timeline for the special cash distribution and how will it affect the company's balance sheet?
Are there any tax implications for shareholders receiving the return of capital that could influence investor behavior?