RESOLVE VENTURES PLANS SHARE CONSOLIDATION
Resolve Ventures Inc. intends to consolidate its common shares on a six-old-for-one-new-share basis. The board of directors of the company has passed a resolution in respect thereof in accordance with TSX Venture Exchange Policy 5.8, the company's articles and the British Columbia Business Corporations Act.
There are currently 43,324,927 common shares issued and outstanding. As a result of the consolidation, there will be approximately 7,220,821 common shares issued and outstanding. The exact number of postconsolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the company are consolidated. The company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares will be rounded down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.
An application to the TSX Venture Exchange for acceptance of the consolidation will be made forthwith.
About Resolve Ventures Inc.
Resolve is a Vancouver-based publicly listed exploration company trading on the TSX Venture Exchange. The company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.Back to Past News