AMI Resources Inc. announces proposed share consolidation
February 08 2013 - 10:51AM
PR Newswire (Canada)
AMI Resources Inc. announces proposed share consolidation
VANCOUVER, Feb. 8, 2013 /CNW/ - AMI Resources Inc. (the
"Company" - TSX-V: AMU) announces that at the December 6, 2012 annual general and special
meeting of its shareholders it obtained the approval of its
shareholders for the proposed consolidation of its outstanding
share capital on the basis of 5 pre-consolidation shares for 1
post-consolidation share (the "Consolidation"). The reasons
for the Consolidation are to increase the Company's flexibility and
competitiveness in the market place and to attract new equity
investment in the Company. The Company further announces that
it wishes to proceed with the proposed Consolidation.
The Company currently has 61,626,036 common
shares issued and outstanding, and after the Consolidation, the
Company will have approximately 12,325,207 common shares issued and
outstanding. The Company is not expected to change its name in
conjunction with the Consolidation.
The completion of the Consolidation remains subject to
regulatory approval.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE AMI Resources Inc.
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