Manson Creek Resources Ltd.: Completion of Share Consolidation
22 4월 2014 - 10:00PM
Marketwired
Manson Creek Resources Ltd.: Completion of Share Consolidation
CALGARY, ALBERTA--(Marketwired - Apr 22, 2014) - Manson Creek
Resources Ltd. ("Manson" or "the Company") (TSX-VENTURE:MCK)
announces that it has received approval of the TSX Venture Exchange
("Exchange") for the consolidation of the Company's issued and
outstanding common shares on the basis of five (5)
pre-consolidation shares for one (1) post-consolidation share (the
"Consolidation"). The Company's shareholders voted 86.6% in favour
of the transaction at its last Shareholder's Meeting held on May
24, 2012. The number of post-Consolidation shares issued and
outstanding will be 16,271,891 common shares.
Effective at the opening of trading on April 23, 2014, the
Company's pre-Consolidation common shares will be delisted and the
post-Consolidation common shares will commence trading. The
Company's trading symbol, MCK, will remain unchanged.
DRS Advices representing the post-consolidation common shares of
Manson will be issued using the Effective Date on a "push-out"
basis with a notice describing the change. Share certificates
representing the Manson shares shall be cancelled on the Effective
Date.
No fraction post-Consolidation common shares will be issued
pursuant to the Consolidation. All fraction shares resulting from
the consolidation will be rounded down to the nearest whole number
and no cash consideration will be paid in respect of fractional
shares. The exercise price and the number of common shares issuable
under any of the Company's outstanding warrants or stock options
will be proportionately adjusted upon the Consolidation.
Once the Consolidation is completed, the Company expects to
close its previously announced non-brokered private placement of up
to 8,125,000 million units within a few days. The unit pricing is
based on Post Roll Back shares. This financing is subject to TSX
Venture Exchange approval.
On Behalf of the Board of Directors,
Jean-Pierre Jutras, President/Director
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this press release.
Except for the historical and present factual information
contained herein, the matters set forth in this news release,
including words such as "expects", "projects", "plans",
"anticipates" and similar expressions, are forward-looking
information that represents management of Manson Creek's internal
projections, expectations or beliefs concerning, among other
things, future operating results and various components thereof or
the economic performance of Manson Creek. The projections,
estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties,
which may cause Manson Creek's actual performance and financial
results in future periods to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
among other things, those described in Manson Creek's filings with
the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or
circumstances could cause results to differ materially from those
predicted. Manson Creek disclaims any responsibility to update
these forward-looking statements.
Manson Creek Resources Ltd.Jean-Pierre
JutrasPresident/Director1.403.233.04641.403.266.2606www.manson.ca
Manson Creek Resources Ltd. (TSXV:MCK)
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Manson Creek Resources Ltd. (TSXV:MCK)
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