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NCO

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Share Name Share Symbol Market Type
TSXV:NCO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nuvolt Corporation Common Shares Will Start Trading on a Consolidated Basis on January 18, 2013

17/01/2013 9:30pm

Marketwired Canada


Nuvolt Corporation Inc. ("Nuvolt" or the "Corporation") (TSX VENTURE:NCO)
announces that the Corporation will give effect to the consolidation of its
common shares on the basis of ten (10) pre-consolidation common shares for one
(1) post-consolidation common share and that the post-consolidation common
shares will commence trading on the TSX Venture Exchange at the opening of
markets this Friday, January 18, 2013 under the current symbol "NCO" and new
CUSIP number 67073J303.


Nuvolt shareholders authorized the consolidation at the shareholders' special
meeting held on December 18, 2012. 


The 146,884,574 pre-consolidation common shares issued and outstanding will be
consolidated into approximately 14,688,457 post-consolidation common shares. If,
as a result of the consolidation, a shareholder would otherwise be entitled to a
fraction of a post-consolidation common share, the number of post-consolidation
common shares will be rounded to the nearest whole number. The Corporation's
currently outstanding stock options and warrants will be adjusted on the same
basis with proportionate adjustments being made to the stock option and warrant
exercise prices.


Nuvolt mailed letters of transmittal to the registered holders of its common
shares, requesting that they forward their pre-consolidation common share
certificates to the Corporation's transfer agent for exchange for new common
share certificates representing their common shares on a post-consolidation
basis. 


About Nuvolt Corporation Inc. 

Nuvolt has developed a specialized expertise in the monitoring and the
management systems for electrical failures, power quality, the detection and
neutralization of leakage current for the agriculture, maritime, commercial and
industrial markets. SmartScan is now available to the agriculture market. The
SmartScan system has the ability to predict an electrical failure on equipment
and electrical networks. It could prevent equipment failures and production
downtime on production assembly lines and commercial buildings and also fire
risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the
industrial market were launched in September 2012.


Certain statements contained in this press release constitute forward-looking
information. Such statements are based on the current expectations of
management. You are cautioned that such statements can be subject to a multitude
of risks and uncertainties that could cause actual results, future circumstances
or events to differ materially from those projected in the forward-looking
information. The reader should not place undue reliance on the forward-looking
information included in this press release given that (i) actual results could
differ materially from a conclusion, forecast or projection in the
forward-looking information, and (ii) certain material factors or assumptions
were applied in drawing a conclusion or making a forecast or projection as
reflected in the forward-looking information could prove to be inaccurate. There
is no guarantee that the proposed private placement can be completed on the
terms described in this press release. These statements speak only as of the
date they are made, and Nuvolt assumes no obligation to revise such statements
as a result of any event, circumstance or otherwise, except in accordance with
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jacques Dion CEO
(418) 833-0773
(418) 833-4055 (FAX)

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