(TSXV: ROY.H)
VANCOUVER, Sept. 18, 2013 /CNW/ - Royce Resources Corp.
("Royce" or the "Company") (TSXV: ROY.H) announces that it has
convened a meeting of its shareholders to be held on October 17, 2013 at which it will seek
shareholder approval to its proposed share consolidation.
The Corporation will be seeking, by special
resolution, the approval of its shareholders to consolidate its
outstanding share capital on the basis of 10 pre-consolidation
shares for 1 post-consolidation share. The reasons for the
consolidation are to increase the Corporation's flexibility and
competitiveness in the market place and to make the Corporation's
securities more attractive to a wider audience of potential
investors.
The Corporation currently has 100,290,612 common
shares issued and outstanding, and after the consolidation, the
Corporation will have approximately 10,029,061 common shares issued
and outstanding. The Corporation is not expected to change
its name in conjunction with the consolidation.
The completion of the consolidation remains subject to
shareholder and regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
"Geir Liland"
Geir Liland,
Chief Executive Officer and Director
Neither the 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 news release.
SOURCE Royce Resources Corp.