Norris Industries Simplifies Capital Structure Via Preferred Share Cancellation
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Norris Industries, Inc. has announced the cancellation of 1,000,000 preferred shares held by Patrick Norris and affiliates, simplifying its capital structure. This decision, approved by the Board of Directors, will restore these shares to the pool of authorized but unissued stock, potentially impacting the balance among existing equity holders. The company's current market cap is $15.07 million, with an average trading volume of 3,281 shares.
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