VANCOUVER, Feb. 23, 2012 /CNW/ - Starfire Minerals Inc. ("Starfire" or the "Company") announces that effective as of the opening of trading on Friday,
February 24, 2012, the Company will consolidate its common share
capital on the basis of 40 pre-consolidation common shares held for one
new post-consolidation common share (40:1), such that the 85,737,100
issued and outstanding common shares of the Company will consolidate
into approximately 2,143,427 common shares. Any fractional shares
resulting from the consolidation comprising less than ½ common share
will be rounded down to the nearest whole number, and any fractional
shares comprising greater than or equal to ½ common share will be
converted into one whole common share.
The share consolidation was approved by the shareholders of the Company
at the annual general and special meeting held on December 21, 2011.
The consolidation has been accepted by the TSX Venture Exchange.
Letters of transmittal with respect to the consolidation have been
mailed to all registered shareholders of the Company. All registered
shareholders of the Company will be required to send their certificates
representing pre-consolidation common shares with a properly executed
letter of transmittal to the Company's transfer agent, Computershare
Investor Services Inc. ("Computershare"). Additional copies of letters of transmittal can be obtained from,
and inquiries regarding letters of transmittal can be directed to
Computershare's Corporate Actions department (by phone at
1-800-564-6253 or by e-mail to firstname.lastname@example.org).
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
Dan Mosher, President & CEO
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS NEITHER THE TSX VENTURE EXCHANGE NOR
ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Starfire Minerals Inc.
For further information:
Contact Norm Elliot at email@example.com