Mr. Danniel Oosterman reports
CANSTAR RESOURCES INC. ANNOUNCES COMPLETION OF SHARE CONSOLIDATION AND SHARE DECONSOLIDATION
Following the approval of the company's shareholders obtained on Dec. 14, 2016, Canstar Resources Inc. has consolidated (reverse split) its issued and outstanding common shares at a ratio of 500 preconsolidation common shares to one postconsolidation common share, followed by an immediate deconsolidation (split) of common shares at the ratio of one predeconsolidation common share to 500 postdeconsolidation common shares.
The company's common shares commenced trading on the TSX Venture Exchange on a postdeconsolidation basis on Jan. 9, 2017. Letters of transmittal have been mailed to all registered shareholders with instructions on how to exchange existing share certificate(s) for new share certificate(s). After implementing the consolidation and deconsolidation, the company has 102,458,242 common shares issued and outstanding.
The company's new Cusip number is 138081203 and its new ISIN number is CA1380812034.
We seek Safe Harbor.
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