BLAINE, WA, May 30, 2014 /PRNewswire/ - BEESTON
ENTERPRISES LTD. (OTCPINK: BESE) (the "Company"), today announced
that on this May 30, 2014, it
received approval from the Financial Industry Regulatory Authority
("FINRA") to effectuate a 1-for-10 reverse stock split of all of
its issued and outstanding shares of common stock (the "Reverse
Split") in the market at the open of business on June 2, 2014. The Reverse Split was authorized
and approved by the Board of Directors of the Company on
April 18, 2014, to be effective as of
the date of approval by FINRA. As previously reported in its News
Release dated April 23, 2014, when
the Reverse Split becomes effective, the Company's trading symbol
will temporarily change to "BESED". The added "D" will remain for
20 business days after which its trading symbol will revert back to
"BESE". Concurrently therewith, every 10 shares of its pre-Reverse
Split issued and outstanding shares common stock shall be
automatically converted into one post-Reverse Split share of its
common stock, without any change in the par value of the shares.
All fractional shares which would otherwise result from the Reverse
Split will be rounded up. Immediately prior to the Reverse Split
the Company will have 266,093,479 common shares issued and
outstanding and immediately after the Reverse Split it will have
approximately 26,609,348 common shares issued and outstanding. The
Company's authorized common stock is not affected by the Reverse
Split. Proportional adjustments will be made to the Company's
outstanding warrants which will be adjusted to reflect the Reverse
Split. The new CUSIP number for the Company's common stock is
07712Q 304.
ABOUT: BEESTON ENTERPRISES LTD.
Beeston Enterprises Ltd. is an exploration stage company,
engaged in the acquisition, exploration, and development of mineral
properties in Canada and
the United States. It primarily
explores for copper, gold, and silver properties and currently
holds mineral tenures in Southern British
Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS of Beeston Enterprises
Ltd.
Michael Upham, Director
SOURCE Beeston Enterprises Ltd.