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Enter Symbol
or Name
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CA



Redhill Resources Corp
Symbol RHR
Shares Issued 132,773,953
Close 2013-09-12 C$ 0.03
Market Cap C$ 3,983,219
Recent Sedar Documents

Redhill Resources to roll back shares one for 10

2013-09-17 15:21 ET - News Release

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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