SearchGold Proposes a Share Consolidation to its Shareholders
June 01 2010 - 9:25AM
Marketwired
SearchGold Resources Inc. ("SearchGold") (TSX VENTURE:
RSG)(FRANKFURT: S1O) will seek shareholder approval at its Special
meeting of shareholders to be held on June 23, 2010, to consolidate
its common shares at a ratio of one (1) new share for each tranche
of ten (10) outstanding common shares. In order to be effective,
the consolidation resolution must be approved by at least two third
of the shareholder votes cast at the Meeting and be accepted by the
TSX Venture Exchange.
Management believes that having less shares outstanding will
facilitate the future financings necessary to continue the
development of the Company. SearchGold now has 148,530,171 common
shares outstanding. If the consolidation is approved, the Company
will have approximately 14,853,017 common shares outstanding. The
Company will not change its name but would have a new stock
symbol.
In addition, Mr. Denis Tremblay submitted his resignation as
Vice president, Corporate Secretary and Director of SearchGold for
personal reasons. The board of directors would like to thank Mr.
Tremblay for his involvement and dedication over the past 14 years
and wishes him well.
FOR FURTHER INFORMATION PLEASE VISIT
http://www.searchgold.ca
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.
Contacts: SearchGold Resources Inc. Philippe Giaro, President
& CEO 011-32-473-52-30-29 phgiaro@skynet.be
Searchgold Resources Inc. (TSXV:RSG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Searchgold Resources Inc. (TSXV:RSG)
Historical Stock Chart
From Jul 2023 to Jul 2024