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Arvana Inc. (OTC PINK:AVNI) is a public company looking to diversify its portfolio by exploring opportunities in the mining and real estate sectors. The company recently signed a letter of intent with Luxcor Gold (Alberta) Limited Partnership to acquire gold mining claims in La Paz County, Arizona. This strategic move aligns with Arvana's mission to enhance shareholder value by capitalizing on promising business ventures. Luxcor's claims, infrastructure, and equipment present a compelling prospect for gold production.
Additionally, Arvana has signed a non-binding memorandum of understanding to acquire FirstShot Centers, LLC, a company focused on repurposing vacant commercial real estate to attract new tenants from industries not typically available online. This move reflects Arvana's commitment to capitalizing on fixed business opportunities and delivering value to its shareholders.
Arvana recently filed an application to move its quotation to the OTCQB Venture Market, aiming to increase visibility, credibility, and ultimately attract a broader investor base. This transition demonstrates Arvana's dedication to maintaining high financial and corporate governance standards while seeking new growth opportunities.
Arvana Inc. (OTC PINK:AVNI) announced that PintoCity Centers will implement AI technology for mall space planning. The AI integration aims to revolutionize office space management through optimized sizing, security, and tenant comfort. The technology will focus on floor plan generation, predictive maintenance, and energy management systems.
According to PintoCity Interim CEO Brian Lovig, with typical building sizes exceeding 200,000 square feet, AI implementation will accelerate and improve the process of generating floor plans for potential tenants, ultimately expediting revenue generation. The AI systems will analyze building data to prevent infrastructure failures and adjust environmental controls in real-time for energy efficiency.
Arvana Inc. (OTC PINK:AVNI) has signed a Memorandum of Understanding to acquire 100% of PintoCity Inc., a Nevada-based private company specializing in real estate. PintoCity's business focuses on acquiring and managing vacant shopping centers and big box stores across the United States, with plans to transform them into entertainment and themed centers. The acquisition's purchase price will be determined based on future performance metrics, with provisions for repayment to PintoCity's principals for advanced funds.
Arvana has filed for quotation on the OTCQB Venture Market, aiming to enhance stockholder value and increase visibility. The transition from OTC Pink Sheets to OTCQB reflects Arvana's commitment to high financial and corporate governance standards. CEO Ruairidh Campbell believes the move will grant access to institutional investors, improve stock liquidity, and support corporate growth. The OTCQB is known for its transparency, reporting standards, and compliance oversight, which Arvana hopes will attract a broader investor base. The company will keep stockholders informed throughout the application process.
Arvana Inc. (OTC:AVNI) clarified its previous press release regarding a forward stock split. The split will occur on April 18, 2023, at a ratio of 3:1, meaning investors will receive three new shares for each share they currently own. This split will increase the number of outstanding shares from 35,948,518 to 107,845,554, with no changes to the par value or authorized shares. Shareholders on record as of March 31, 2023, will receive the new shares on or about April 19, 2023. This clarification aims to resolve confusion regarding the record date and effective date of the split. Arvana operates in the fishing charter business through its subsidiary, Down2Fish Charters, serving the Greater Tampa Bay area.
Arvana Inc. (OTC:AVNI) has announced that its previously approved forward stock split will take effect on April 18, 2023. Under the approved 3-for-1 stock split, shareholders will receive three new shares for each share owned. This decision aims to enhance stock liquidity and accessibility for a broader range of investors, according to CEO Ruairidh Campbell.
The stock split will increase the number of outstanding shares without changing the par value or the number of authorized shares. Stockholders of record as of the effective date will receive additional shares around April 19, 2023. For more details, investors are encouraged to refer to Arvana's SEC filings or contact the company directly.
Arvana Inc. (OTC PINK:AVNI) announced a delay in the effectiveness of its planned forward stock split, initially set for February 23, 2023. This postponement is due to ongoing review processes by the Financial Industry Regulatory Authority (FINRA). CEO Ruairidh Campbell acknowledged the disappointment this may cause among stockholders and assured that the company is actively working to resolve issues with FINRA. Arvana operates a fishing charter business through its subsidiary, Down2Fish Charters, based in Palmetto, Florida, serving the Greater Tampa Bay area.
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