While the reverse did not reduce the A/S they recently put out this release....
LEWISVILLE, TX -- (MARKET WIRE) -- 09/24/07 -- American Resource Technologies, Inc. (formerly Golden Chief Resources, Inc.) (OTCBB: ARUR) (PINKSHEETS: ARUR) announces that its president Fred Oden will be interviewed on Tuesday, September 25, 2007 on Market News First (www.mn1.com). The interview is scheduled for 11:30 am CDT. The Company has also been informed by its operator that they have sold 2 additional loads of oil from the Ownbey lease and have received payment for the previous 3 loads of oil.
Additionally, at a special meeting called on Friday, September 21, 2007, the Company's board of directors unanimously voted to limit the issuance of shares for acquisitions and capital formation to no more than 100,000,000 shares.
Here is the reverse news....
Effective at a December 21, 2006 special shareholders’ meeting the Registrant’s shareholders granted the Board of Directors to effect a reverse split of the Registrant’s common shares. At a special Board of Directors meeting on April 4, 2007 the directors effected a reverse split of 1 to fifty (50). The action is to be effective as of April 16, 2007 or as soon thereafter as practical. The Registrant retained the authority to issue up to 500,000,000 shares.
