Mr. Andrew Bowering reports
REDHILL ANNOUNCES A 1 FOR 10 CONSOLIDATION
Redhill Resources Corp.'s board of directors has voted to implement a one-for-10
consolidation of its share capital. The consolidation is being
implemented without a special resolution of shareholders as permitted by the company's
articles, the B.C. Business Corporations Act and August, 2013, changes to exchange policies, which specified that where a consolidation (or series of consolidations) did not consolidate
more than on a one-for-10 basis, the exchange would no longer require shareholder approval.
The consolidation is subject to the approval of the exchange, and, should approval be
granted, the company will co-ordinate an effective date for the consolidation and announce
it. The company does not intend to implement a name change in conjunction with the
consolidation and does not intend to change its symbol unless required to do so as a
condition of exchange approval.
The company's board of directors was of the opinion that the consolidation would leave it
better positioned to raise equity financing in the future should it be required.
We seek Safe Harbor.
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