CGE Energy Positions Its Subsidiary, Aradatum, For Future Growth
February 11, 2021 13:03 ET | Source: CGE ENERGY, INC. CGE ENERGY, INC.
BRIGHTON, Mich, Feb. 11, 2021 (GLOBE NEWSWIRE)
CGE Energy, Inc. (OTCPink: CGEI) has taken a strategic step towards the future growth of its subsidiary,
Aradatum, Inc.Aradatum has issued 60,000,000 (sixty million) Aradatum Common Shares to its parent, CGE Energy.
The rationale for the issuance is to better enable CGE Energy to transfer these Aradatum Shares proportionally to CGEI Shareholders when Aradatum is officially spun-out. After the spin-out, Aradatum will be free to pursue its own stock listing. This action rewards CGEI Shareholders with an opportunity to participate in the future growth of Aradatum.