Mr. Harry Barr reports
EL NINO VENTURES INC. ANNOUNCES 3:1 SHARE CONSOLIDATION
Pursuant to the special resolution passed by the shareholders at El Nino Ventures Inc.'s (ELN) annual general and special meeting on Sept. 25, 2013, the company will consolidate its issued and outstanding shares on the basis of three old common shares of the company for new common share of the company.
There are currently 91,941,683 common shares of the company issued and outstanding. Effective at the opening on Nov. 25, 2013, shares of El Nino will commence trading on a postconsolidated basis and there will be approximately 30,647,228 new common shares of the company issued and outstanding. Fractional shares consisting of less than one-half of one share will be deemed to have been tendered by the registered owner to the company for cancellation, and will be returned to the authorized but unissued shares of the company. Fractional shares consisting of greater than or equal to one-half of one share will be converted into one whole common share. The new Cusip and ISIN numbers are 28335E304 and CA28335E3041, respectively. The company does not intend to change its name or seek a new stock trading symbol in connection with the share consolidation. The share consolidation is subject to TSX Venture Exchange approval.
The board of directors has approved the share consolidation and believes that the consolidation of the common shares should enhance their marketability as an investment and should facilitate additional financings to finance future operations.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.