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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Diaz Resources Ltd | TSXV:DZR | 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 | - |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Diaz Resources Ltd. ("Diaz") (TSX VENTURE:DZR) announces that it has completed its previously announced share and debt reorganization pursuant to which: (i) Diaz's common shares ("Pre-Consolidation Shares") have been consolidated on the basis of 25 Pre-Consolidation Shares for one new post-consolidation common share ("New Diaz Share") of Diaz; (ii) the outstanding 10.5% convertible unsecured subordinated debentures ("Unsecured Debentures") of Diaz have been converted into 14,853,249 New Diaz Shares based on a conversion rate of one New Diaz Share for every $0.477 principal amount of Unsecured Debentures; (iii) the outstanding 10.5% convertible secured subordinated debentures ("Secured Debentures") of Diaz have been converted into 76,190,476 New Diaz Shares based on a conversion rate of one New Diaz Share for every $0.105 principal amount of Secured Debentures; and (iv) all accrued and unpaid interest on the Unsecured Debentures and Secured Debentures has been cancelled without any further payment or consideration. The New Diaz Shares will commence trading on the TSX Venture Exchange at the open of business on December 18, 2012. FOR FURTHER INFORMATION PLEASE CONTACT: Diaz Resources Ltd. Robert W. Lamond Chairman, President and Chief Executive Officer (403) 269-9889 Diaz Resources Ltd. Brad Perry Chief Financial Officer (403) 269-9889 info@diazresources.com www.diazresources.com
1 Year Diaz Resources Ltd Chart |
1 Month Diaz Resources Ltd Chart |
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