The Beard Company (OTC Bulletin Board: BRCO) recently announced that its previously announced 2-for-1 common stock split became effective at 4:00 p.m. Eastern Time on November 2, 2009. The shares will begin trading on a post-split basis when the market opens on Tuesday, November 3, 2009. Herb Mee, Jr., President of The Beard Company, stated, "This action underscores our commitment to provide additional marketability and liquidity for Beard's common stock, which may serve to broaden the Company's shareholder base. On a post-split basis, the Company will have approximately 19.97 million common shares outstanding."
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The Beard Company creates, acquires, and/or invests in businesses, primarily related to natural resources, that management believes have high growth and/or above-average profit potential and can enhance shareholder value. The Company is involved in oil and gas activities; coal reclamation activities; and minerals exploration and development through its Geohedral investment. The Beard Company
(OTCBB: BRCO) today announced that it has increased its equity interest in Geohedral LLC, its privately-held mining subsidiary, from 23.16% to 25.68%. Herb Mee, Jr., Beard’s President, stated: “We are delighted that we were able to acquire this additional interest in Geohedral and in the significant gold
discovery that we announced last week.” The Company is headquartered in Oklahoma City and its common stock trades on the OTC Bulletin Board under the symbol "BRCO".
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