MELFORT, SK, Jan. 28, 2014 /CNW/ - Hodgins Auctioneers (TSX.V: HA)
("Company") is providing a correction to its current issued and
outstanding share number. As presented in note 19 of the Company's
December 31, 2012 audited Financial Statements, which are available on
SEDAR, in March of 2012 the Company completed a series of transactions
with a Former Director whereby 750,000 shares were issued from treasury
but were not properly paid for. As of December 31, 2012 the share
capital transaction was reversed but the shares were not returned for
cancellation. As a result, the 750,000 shares had an ascribed value of
$0.00 but remained included in the Company's issued and outstanding
The Former Director has now returned the 750,000 shares for cancellation
to treasury. The corrected number of shares currently issued and
outstanding after the cancellation will be 12,948,500. As a result of
these shares being returned for cancellation, accounting journal
entries will be reflected in the Company's 2014 first quarter financial
Headquartered in Melfort, SK for more than 50 years, Hodgins Auctioneers
is a provider of professional auction services. Hodgins is renowned for
its experienced Auctioneers, award-winning promotions, dependable
results and commitment to providing the ultimate marketplace for the
sale of assets by auction.
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: Hodgins Auctioneers Inc.
For further information:
Grant Hodgins, CEO
Hodgins Auctioneers Inc.
Fax: (306) 752-5702