KELOWNA, BC, June 17, 2013 /CNW/ - Cantex Mine Development
Corp. (CD : TSX-V) (the "Company") it has completed the
consolidation of its issued common shares on the basis of one (1)
"new" common share for fifteen (15) "old" common shares as approved
by the TSV Venture Exchange and consented to by the shareholders at
the Company's annual general and special meeting held on
January 25, 2013. Effective at the
opening on June 18, 2013, the common
shares of the Company will commence trading on the TSX Venture
Exchange on a consolidated basis. There is no change to the
Company's name or trading symbol.
Letters of transmittal describing the process by
which shareholders may obtain new share certificates representing
their consolidated common shares will be mailed shortly to
registered shareholders. Shareholders who hold their shares through
a broker or other intermediary and do not have shares registered in
their name will not be required to complete a letter of
transmittal. No fractional shares will be issued under the share
consolidation and any fraction will be rounded to the nearest whole
number.
Following the consolidation and subject to
rounding, the Company will have issued and outstanding 27,109,891
common shares, 982,667 stock options with a weighted average price
of $1.50 per share and 566,667
warrants with a weighted average price of $1.50 per share.
Signed,
Chad
Ulansky
Chad Ulansky
President & CEO
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.