Fernhill Corp (OTCMKTS:FERN)
Fernhill Corp (OTCMKTS:FERN) has embarked on a restructuring drive following the expiration of the Golden Mountain property claims in the Montauban region of Quebec. The proposed restructuring will explore prospective targets and opportunities that have the potential to drive long-term growth.
Fernhill Restructuring Plan
Spearheading the restructuring push is the company’s new management team. The team has already shortlisted a number of opportunities in the energy and technology spaces that it plans to scrutinize.
“The reorganization of the company operations will help focus on activities that will drive long-term growth and help maximize shareholder value. To better achieve this goal, the company plans to position itself accordingly and will work to reduce shareholder risk by having multiple asset and or technologies. Management plans to create new wholly owned subsidiaries under a Fernhill corporate umbrella in order to facilitate a bidirectional multi-asset plan moving forward,” Fernhill Corp (OTCMKTS:FERN) in a Press Release.
Fernhill Corp (OTCMKTS:FERN) plans to use the reorganization to create a more flexible global platform that can generate long-term shareholder value. Investors should see acquisitions and partnerships come into play as part of the reorganization.
Omnivance Advisors Selection
Fernhill Corp (OTCMKTS:FERN) has reiterated a commitment to shareholder transparency as it undergoes restructuring. Omnivance Advisors was selected to ensure transparency, credibility, and awareness with the investment community that will help maximize the company’s image as well as shareholder value. Omnivance is to be compensated through cash and stock payments.
“In the upcoming weeks, there will be many corporate changes taking place. As part of our strategy, we believe that Omnivance Advisors can help increase the public awareness and maximize shareholder value. Fernhill looks forward to working closely with Mr. Wong and his team,” said CEO, Adam Kovacevic.
Separately, Fernhill Corp (OTCMKTS:FERN) will hold its first conference call for shareholders and the financial community on August 24, 2017. During the call, the company plans to address major questions regarding business development as well as financial guidance for the current quarter and full year.
Fernhill Corp (OTCMKTS:FERN) stock was unchanged in Friday’s trading session, ending the week at $0.0074 a share
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.