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Stocks in play: Prairie Provident Resources Inc.

·1 min read
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Announces the cancellation of 44,711,330 common shares, representing approximately 25.9% of the total number of common shares previously outstanding, pursuant to a disposition and surrender of all such shares to the Company by an account managed by Goldman Sachs Asset Management L.P. for nominal consideration. The transaction removes all 44,711,330 common shares from the Company's outstanding share capital, which correspondingly increases the proportionate equity interest of all remaining shareholders. Prairie Provident Resources Inc. shares T.PPR are trading down $0.01 at $0.08.

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