A few days before the annual and special meeting of the holders of Benchmark Energy Corp (CVE:BEE), (PINK:BEEHF) stock, the improved shares’ performance suggests their revitalizing.
At the end of this September, Benchmark Energy Corp. closed the amalgamation with Bolivar Energy Inc.
At that time, the company’s share price landed at the bottom in expectation of the further developments of the newly formed entity.
This week, BEE is constantly moving upwards, as if confirming investors’ appreciations of the amalgamation.
Next Monday, the annual and special meeting of the shareholders of Benchmark Energy Corp. will be held. As a follow up of the above mentioned transaction, among the proposed in the agenda matters to be voted are the name change and the change of the trading symbol of the corporation.[BANNER]
The proposed new name of the company is “Bolivar Energy Corp.” and the trading symbol on the TSX Venture Exchange should be changed from “BEE” to “BVR” upon shareholder approval.
Since the date of the announcement of the company’s shareholder meeting, BEE stock has soared 44% on a heavy volume.
