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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mbmi Resources Inc. | TSXV:MBR | 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 | - |
MBMI RESOURCES INC. (the "Company") (TSX VENTURE:MBR) announces that a special meeting of the shareholders of the Company was held on May 2, 2012. At the meeting, shareholders approved a previously announced proposed consolidation of the Company's common shares (the "Common Shares") on a ten (10) to one (1) basis, whereby one (1) new Common Share would be issued for every ten (10) pre-consolidation Common Shares issued and outstanding, or such lesser number of Common Shares as may be determined by the Board of Directors of the Company and as may be required to obtain approval of the share consolidation from the TSX Venture Exchange. The proposed share consolidation is subject to the approval of regulatory authorities, including the TSX Venture Exchange. In addition, the shareholders approved the proposed continuance of the Company, which is currently governed by the Business Corporations Act (British Columbia), into Ontario under the Business Corporations Act (Ontario). The proposed share consolidation and continuance are subject to the approval of regulatory authorities, including the TSX Venture Exchange. Further information regarding the share consolidation and continuance may be found in the Company's management information circular dated April 4, 2012, which is accessible on SEDAR at www.sedar.com. For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com. Cautionary Statement: The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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