American Antimony Corporation (Operating as Xtra Energy Corporation) Announces Successful Resolution of Legal Matter Resulting in Cancellation of 15.24 Million of its Common Shares
American Antimony Corporation (OTCID:XTPT) has successfully resolved a legal dispute resulting in the cancellation of 15.24 million common shares. The legal matter stemmed from a 2012 acquisition agreement where certain shareholders failed to return shares following the agreement's termination.
The District Circuit Court ruled in favor of the company, leading to the cancellation of these disputed shares, which represents approximately 6% reduction in the company's total issued and outstanding common shares.
American Antimony Corporation (OTCID:XTPT) ha risolto con successo una controversia legale che ha portato alla cancellazione di 15,24 milioni di azioni ordinarie. La controversia derivava da un accordo di acquisizione del 2012, quando alcuni azionisti non restituirono le azioni dopo la risoluzione dell'accordo.
Il Tribunale Distrettuale ha dato ragione alla società, determinando la cancellazione delle azioni contestate, pari a una riduzione di circa il 6% del totale delle azioni ordinarie emesse e in circolazione.
American Antimony Corporation (OTCID:XTPT) ha resuelto con éxito una disputa legal que ha resultado en la cancelación de 15,24 millones de acciones ordinarias. El conflicto se originó en un acuerdo de adquisición de 2012, cuando ciertos accionistas no devolvieron las acciones tras la terminación del acuerdo.
El Tribunal de Distrito falló a favor de la compañía, lo que llevó a la cancelación de las acciones en disputa, equivalente a una reducción de aproximadamente el 6% del total de acciones ordinarias emitidas y en circulación.
American Antimony Corporation (OTCID:XTPT)는 법적 분쟁을 성공적으로 해결하여 1,524만 주의 보통주를 소각했습니다. 이 분쟁은 2012년 인수 계약에서 비롯된 것으로, 일부 주주가 계약 종료 후 주식을 반환하지 않았습니다.
지방법원은 회사의 손을 들어 주었고, 그 결과 해당 분쟁 주식이 소각되어 발행 주식 총수의 약 6% 감소에 해당합니다.
American Antimony Corporation (OTCID:XTPT) a résolu avec succès un litige judiciaire entraînant la radiation de 15,24 millions d'actions ordinaires. Ce différend découlait d'un accord d'acquisition de 2012, certains actionnaires n'ayant pas restitué les actions après la résiliation de l'accord.
Le tribunal de district a statué en faveur de la société, entraînant la radiation des actions contestées, soit une réduction d'environ 6 % du total des actions ordinaires émises et en circulation.
American Antimony Corporation (OTCID:XTPT) hat einen Rechtsstreit erfolgreich beigelegt, was zur Streichung von 15,24 Millionen Stammaktien führte. Der Streit resultierte aus einem Übernahmevertrag von 2012, in dessen Folge einige Aktionäre nach Beendigung des Vertrags die Aktien nicht zurückgaben.
Das Bezirksgericht entschied zugunsten des Unternehmens, wodurch die strittigen Aktien aufgehoben wurden und dies einer Reduzierung von etwa 6% der ausgegebenen und ausstehenden Stammaktien entspricht.
- Court ruling resulted in cancellation of 15.24 million common shares
- 6% reduction in total outstanding shares, potentially increasing value for remaining shareholders
- Successful resolution of legacy legal dispute from 2012
- Legal proceedings required to resolve share dispute from 2012 acquisition
AUSTIN, TX / ACCESS Newswire / September 10, 2025 / American Antimony Corporation (OTCID:XTPT) is pleased to announce the successful resolution of legal matter resulting in cancellation of 15,240,000 of its Common Shares.
The Company had filed a Complaint in District Circuit Court against certain shareholders related to an acquisition agreement originally entered in 2012. Following the termination of that agreement in 2012, those shareholders failed to return shares that had been issued to them. As a result, the Company sought judicial relief to cancel and return these shares to the treasury.
The Court has now rendered its judgment in favor of the Company, resulting in the cancellation of 15,240,000 common shares. This cancellation represents a reduction of approximately
About American Antimony Corporation
Operating as Xtra Energy Corp. (OTCID:XTPT) a U.S.-based mineral resource company focused on advancing critical mineral supply chain independence. The Company's primary asset focus is antimony, a federally designated critical mineral essential to defense, semiconductors, and energy storage applications. Xtra Energy is developing a portfolio of high-grade, U.S.-based projects with near-term production potential, aimed at delivering scalable domestic supply solutions in alignment with national security and industrial priorities.
Contact & Learn More:
Xtra Energy Corporation
Phone: 512-412-3636
secretary@americanantimony.com
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FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause materially different results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/XTPT/disclosure
SOURCE: Xtra Energy Corp.
View the original press release on ACCESS Newswire
FAQ
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