|
|
Article: Vantex Proposes a Share Consolidation to its Shareholders.
- Article from:
- Marketwire Canada
- Article date:
- September 16, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LA PRAIRIE, QUEBEC, Sep 16, 2009 (Marketwire via COMTEX) -- Vantex Resources Ltd. (TSX VENTURE:VTX) (the "Company") will seek shareholder approval at its Special meeting of shareholders to be held on November 10, 2009, to consolidate its common shares at a ratio of one (1) new share for each tranche of six (6) outstanding common shares. In order to be effective, the consolidation resolution must be approved by at least two third of the shareholder votes cast at the Meeting and be accepted by the TSX Venture Exchange.
Management believes that having less shares outstanding will facilitate the future financings necessary to continue the ...