VANCOUVER, Nov. 10, 2011 /CNW/ - Sky Ridge Resources Ltd. (TSXV: SYR.H) (the "Company") announces it will proceed with its proposed share
consolidation (the "Consolidation"), as previously announced on
September 28, 2011, on the basis of three (3) pre-Consolidation common
shares for one (1) post-Consolidation common share. The Consolidation
was approved by the Company's shareholders at its Annual General
Meeting held on October 24, 2011, and will be effective at the open of
the market on November 14, 2011 (the "Effective Date").
The Company currently has 85,503,078 common shares issued and
outstanding. As at the Effective Date the Company will have
approximately 28,501,026 common shares issued and outstanding. The
Company will not change its name as part of the Consolidation, but will
issue new share certificates under a new CUSIP number, which is
83083Y200. The Company's common shares will continue to trade on the
NEX Board of the TSX Venture Exchange under its current symbol "SYR.H".
Registered shareholders will receive a letter of transmittal from
Computershare Investor Services Inc., the Company's transfer agent,
with information on how to replace their old share certificates with
the new share certificates. Brokerage firms will handle the replacement
of share certificates on behalf of their shareholders accounts.
ON BEHALF OF THE BOARD OF DIRECTORS
OF SKY RIDGE RESOURCES LTD.
Neither 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.
This new release may contain forward-looking statements. These
statements are based on current expectations and assumptions that are
subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management discussion
and analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture Exchange
and applicable Canadian securities regulations. We do not assume any
obligation to update any forward-looking statements.
For further information:
Tel: (604) 609-6110