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.For further information:
Dustin Elford, President