A special meeting of Fiedmont Resources’ (CDN) shareholders has been called for Nov. 2, in order to approve a reorganization of the company. Fiedmont will no longer be involved in mineral exploration.
Under the reorganization, Fiedmont is planning to consolidate issued and outstanding shares totalling 1,534,171 on a 1-new-for-5-old basis. Fiedmont is also seeking to acquire all outstanding shares of National Employment Network, a privately owned U.S.-based company, in exchange for $295,000 and the issuance of 1,347,740 post-consolidated Fiedmont shares. The company is also proposing that its name be changed to Advanced Recruitment Technologies Inc.
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