ComWest Enterprise Announces Issue of Class A Shares
February 28 2011 - 4:30PM
Marketwired
ComWest Enterprise Corp. (TSX VENTURE: CWP)(TSX VENTURE: CWP.A)
(the "Company") announces that it has issued a total of 7,000,000
Class A Restricted Equity Shares ("Class A Shares") from treasury
upon the conversion of all of the outstanding convertible 8%
cumulative preferred shares of the Company. In accordance with the
share rights attached to the preferred shares, each preferred share
was converted into 7 Class A Shares. Following the issuance of
Class A Shares, there are now 8,084,301 Class A Shares, 2,256,898
Class B Voting Common Shares and no preferred shares outstanding.
ON BEHALF OF THE BOARD
Douglas F. Good, President
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release.
Contacts: ComWest Enterprise Corp. Investor Relations Contact
604 484 6628 dgood@comwestenterprise.ca