WSR Gold Inc. Announces Shareholder Approval of Proposal to Consolidate its Common Shares and Change Name
2008年12月17日 - 6:54AM
Marketwired
The board of directors of WSR Gold Inc. (TSX VENTURE: WSR) ("WSR"
or the "Company") is pleased to announce that at the special
meeting of shareholders of WSR held on December 16, 2008, the
requisite shareholder approval was received to consolidate the
common shares of the Company on the basis of one (1) "new" common
share for ten (10) "old" common shares, and to change the name of
the Company to "White Pine Resources Inc."
There are currently outstanding approximately 113.1 million
common shares. Following the proposed share consolidation, the
number of common shares outstanding will be reduced to
approximately 11.3 million. WSR believes that a reduced number of
shares will have numerous benefits, including facilitating
corporate finance transactions. WSR is also proposing to change its
name to better reflect its current and ongoing exploration plans.
Further details of each of the proposed share consolidation and
name change are set out in the management information circular of
the Company dated November 14, 2008 and available on SEDAR at
www.sedar.com.
WSR currently plans to file articles of amendment on December
18, 2008 to give effect to both the name change and share
consolidation. It is anticipated that the common shares of the
Company will also commence trading on the TSX Venture Exchange on
December 18, 2008 giving effect to the share consolidation and name
change, under the new trading symbol "WPR". The share consolidation
and name change remain subject to the final approval of the TSX
Venture Exchange.
Forward Looking Statements:
This press release includes forward-looking statements. Words
such as "believe", "may", "will", "estimate", "intend", and
"expect" (and the negative thereof) usually identify
forward-looking statements. Forward-looking statements are
statements about the future, and are always subject to uncertainty
and risks (both known and unknown), including those discussed under
the heading "Risks and Uncertainties", in WSR's Management's
Discussion and Analysis for the year ended March 31, 2008. Because
of the risks and uncertainty inherently associated with them,
investors should not place undue reliance on forward-looking
statements.
Although management of WSR believes the assumptions used to make
such statements are reasonable as at the date hereof and has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking statements in this release, there may be other
factors that cause results not to be as anticipated, estimated, or
intended. Certain material factors or assumptions are applied by
WSR in making forward-looking statements, including without
limitation factors and assumptions regarding the receipt of
regulatory approvals, cost and timing of exploration activities,
prices of precious metals, liquidity and budgets of the Company and
general economic and financial conditions in North America. There
can be no assurance that the forward-looking statements in this
release will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. WSR does not undertake to update any forward-looking
statements herein, except in accordance with applicable securities
laws.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press
release.
Contacts: WSR Gold Inc. John Tait President and Chief Executive
Officer (416) 628-5905
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