Houston Natural Resources Corp (HNRC)

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The company also announced that it has extended the Dutch Tender Offer until June 30, 2016, to continue to buy back shares to increase shareholder value. The company has received, as of March 31, 2016, a total of 202,821,950 common shares at prices between $0.0001 and $0.01. It has also received a total redemption of 650,000,000 previously issued common shares, to reduce the amount of shares outstanding. The shares have not been adjusted to the outstanding and issued shares until the tender offer is completed. The company is implementing this strategy to reduce the amount of shares outstanding without having to do a reverse split of its stock.

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