| Symbol | BOREF |
|---|---|
| Name | BOREALIS EXPLORATION LIMITED |
| Sector | UNDEFINED |
| Region | Europe |
| Industry | - |
| Address | GX11 1AA Gibraltar 43-1 Main Street |
| Telephone | +44 2079934293 |
| Fax | — |
| — | |
| Website | http://www.borealis.gi |
| Incorporation | GI |
| Incorporated On | 1968 |
| Employees | — |
| Fiscal Year | 9/30 |
| Public Since | — |
| Exchanges | OTC |
| Auditor | Moore Stephens; |
| Audit Status | AUDITED |
| Reporting Status | Dark: Alternative Reporting Standard |
| CIK | 0000814623 |
| Description | In October 2019, Borealis Exploration Limited (BOREF) sold its share assets to Borealis Holdings Ltd, an Isle of Man limited company. These assets include the shareholdings that ultimately control WheelTug plc, Chorus Motors plc, and other associated companies. BOREF owns no share assets in any other companies. In a transaction intended to protect shareholder value, every BOREF share may be exchanged for one share in Borealis Holdings. The latter company is structured to ensure there is no dilution: the only allowed share issuances are for one-to-one exchanges for BOREF shares. Accordingly, the total number of shares of Borealis Holdings will be 5,000,000 in a single class. Any BOREF shares that are not exchanged before 27 September 2029, may also be redeemed for ten US dollars (US$10) per share plus interest from today at the rate of 2% per annum Additional info from OTC: |
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