Mr. Jeff Sundar reports
ENTOURAGE METALS TO CONSOLIDATE ITS COMMON SHARES ON A ONE NEW FOR SIX OLD SHARE BASIS
Entourage Metals Ltd.'s board of directors has approved a consolidation of common shares on the basis of one new postconsolidation common share for every six preconsolidation common shares. The company proposes this consolidation to facilitate future financings and acquisitions, and a name change is not intended as part of the consolidation.
There are presently 35,354,999 common shares issued and outstanding in the capital of the company, and, following the proposed share consolidation, there will be approximately 5,892,500 common shares issued and outstanding. The board of directors may, at its discretion, determine when such a consolidation will occur. The consolidation is also subject to acceptance by the TSX Venture Exchange.
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