Strongbow Announces Share Consolidation
2014年3月25日 - 1:07AM
Marketwired
Strongbow Announces Share Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 24, 2014) -
Strongbow Exploration Inc. (TSX-VENTURE:SBW) ("Strongbow" or the
"Company") announces that the common shares of the Company will
commence trading on a 1-new-for-10-old consolidated basis at the
market opening on Friday, March 28, 2014. This follows the approval
of a share consolidation by Strongbow shareholders at the annual
general and special meeting held on June 26, 2013, a decision by
the Board of Directors in December 2013 to proceed with the share
consolidation.
The new CUSIP number will be 863363305 and the ISIN number will
be CA8633633059. The Company will continue to trade under the
symbol "SBW". Letters of transmittal describing the process by
which shareholders may obtain new 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, Strongbow will have issued and outstanding
9,107,716 common shares. All outstanding stock options of the
Company will be adjusted accordingly to reflect the share
consolidation.
The directors believe the share consolidation will put the
Company in a better position to finance its exploration and
development activities. In particular, in light of the current
market conditions, the Company believes it will be beneficial to
the current shareholders to have the issued share capital made more
attractive to future investors.
STRONGBOW EXPLORATION INC.
Kenneth A. Armstrong, President and CEO
The TSX
Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy of this release.
Strongbow Exploration Inc.Ken ArmstrongPresident and CEO604 668
8355info@strongbowexploration.comwww.strongbowexploration.com
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