Cantex Announce Proposal To Consolidate Shares
June 06 2013 - 4:59PM
PR Newswire (Canada)
KELOWNA, BC,
June 6, 2013 /CNW/ - Cantex Mine
Development Corp. (TSXV: CD) (the "Company") announces plan to
proceed with a consolidation of the common shares of the Company on
the basis of one (1) "new" common share for fifteen (15) "old"
common shares as approved by shareholders at the Company's annual
general meeting held on January 25,
2013.
There are currently outstanding approximately
406.6 million common shares. The consolidation will reduce the
number of common shares outstanding to approximately 27.1 million.
The Board of Directors believes that a reduced number of shares
will better facilitate corporate finance transactions.
The share consolidation remains subject to the
acceptance of the TSX Venture Exchange.
Signed,
Charles
Fipke
Charles Fipke
Chairman
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Cantex Mine Development Corp.
Copyright 2013 Canada NewsWire
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