Jul 20, 2015
1:500
For every 500 shares held, investors received 1. The price per share adjusted from $0.00 to $0.05.
The split itself did not change the total investment value.
True North Energy Corp. (OTC:TNEN) operates in the Integrated oil industry.
True North Energy Corp. company overviewTrue North Energy Corp.'s most recent stock split was on July 20, 2015. It was a 1-for-500 reverse split, so shareholders received 1 share for every 500 they held.
True North Energy Corp. (OTC:TNEN) has split its stock 2 times: a 5-for-1 split on April 20, 2006 and a 1-for-500 reverse split on July 20, 2015.
True North Energy Corp. has split its stock 2 times. This history records 2 splits between April 20, 2006 and July 20, 2015.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In True North Energy Corp.'s 1-for-500 reverse split on July 20, 2015, every 500 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
True North Energy Corp. has not announced a new split in our records. Its most recent split was on July 20, 2015, 11 years ago. Companies announce splits in advance, and any new OTC:TNEN split will appear on this page.