LACHENAIE, QC, June 20, 2014 /CNW Telbec/ - Capital Pro-Égaux Inc. (the
"Company") (NEX: CPE.H) today announced a 10-for-1 consolidation of its
common shares traded on NEX, effective June 20, 2014 (the "Effective
Date"). The purpose of the consolidation is to increase the share
price and decrease the number of issued and outstanding common shares.
The share consolidation was approved by the Company's Board of Directors
on May 13, 2014. The Company's consolidated common shares are expected
to begin trading on NEX when the market opens on June 20, 2014.
Each ten (10) common shares issued and outstanding immediately prior to
June 20, 2014, will automatically be reclassified, without any action
of the holder thereof, into one common share. The proposed share
consolidation will affect all of the Company's common shares
outstanding immediately prior to the market opening on June 20, 2014.
As a result of the share consolidation, the number of issued and
outstanding common shares will be reduced from 41,950,772 to 4,195,080.
No fractional shares will be issued as a result of the share
consolidation. Fractional interest of 0.5 or greater will be rounded
up to the nearest whole number of shares and fractional interest of
less than 0.5 will be rounded down to the nearest whole number of
shares. Registered shareholders of the Company will be receiving a
letter of transmittal from the Company's transfer agent, Computershare
Investor Services Inc., as soon as practicable after the Effective
Date. The letter of transmittal will enable registered shareholders to
exchange their old share certificate representing pre-consolidation
common shares for new share certificates representing the
post-consolidation common shares. Until surrendered, each share
certificate representing pre-consolidation common shares will be deemed
for all purposes to represent the number of whole post-consolidation
common shares to which the holder is entitled as a result of the
Stockholder who hold their shares in brokerage accounts or "street name"
are not required to take any action to effect the exchange of their
In addition, the Company announced that pursuant to a Board of Directors
resolution passed on May 13, 2014, all incentive stock options
(representing a total of 3,876,000 options on a pre-consolidation
basis) issued prior to the share consolidation have been surrendered
Caution regarding forward-looking statements
This news release contains certain forward-looking statements regarding
the Company's expectation of future events, including potential claims
and legal proceedings. Such expectations are based on certain
assumptions based on currently available information. If these
assumptions prove incorrect, actual results may differ materially from
those contemplated by the forward-looking statements contained in this
press release. Factors that could lead actual results to differ
include, amongst others, factors that may impact claims and legal
proceedings, such as interpretation of factual matters, time and money
involved in undertaking legal proceedings, uncertainty as to the final
result and other risks. The Company disclaims any intention or
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
other than as required by securities laws.
About Pro-Égaux Inc.
Pro-Égaux through its wholly owned subsidiary, Technique d'usinage
Sinlab Inc., is a company based in Lachenaie, Quebec, specializing
mainly in the conception and design of titanium products to be used in
the dental prosthesis restoration industry.
Neither NEX, the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of NEX and the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE: Capital Pro-Egaux Inc.
For further information:
Capital Pro-Égaux Inc.
Fax: (450) 226-1923