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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Admiral Bay Resources Inc. | TSXV:ADB | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Admiral Bay Resources Inc. (the "Company") (TSX VENTURE:ADB) announced today that at the Company's annual general and special meeting held on September 3, 2010, the shareholders approved, by special resolution, the proposed consolidation of the Company's issued and outstanding common shares on the basis of up to twenty (20) common shares being consolidated into one (1) common share, to be effected at the discretion of the Company's board of directors. The Company's board of directors has determined to proceed with the share consolidation. The Company will not be changing its name or trading symbol in conjunction with the proposed share consolidation. The Company's issued capital will be altered by consolidating all of the 102,844,519 issued common shares without par value into 5,142,225 common shares without par value, every 20 common shares being consolidated into 1 common share, with all resulting fractional shares being rounded down to the nearest whole number. The share consolidation is to provide greater flexibility in any future acquisitions and financings that the Company wishes complete and to facilitate the Company's ability to attract members to the board of directors. The share consolidation is subject to acceptance by the TSX Venture Exchange. Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging unconventional gas production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay is listed on the TSX Venture Exchange under the symbol ADB. Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".
1 Year Admiral Bay Resources Inc. Chart |
1 Month Admiral Bay Resources Inc. Chart |
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