VAL-D'OR, QC, April 16, 2013 /CNW Telbec/ - Further to its news release of March 29, 2013, ABE Resources Inc. (TSXV: ABE) (the "Company" or "ABE") is pleased to announce it has completed its name change and share consolidation which were approved by its shareholders at the annual general and special meeting of shareholders held on March 25, 2013. The Company's name which was previously "Abitex Resources Inc." has been changed to "ABE Resources Inc." and the trading of its common shares will continue on the TSX Venture Exchange under the existing symbol "ABE". Additionally, all of the outstanding securities of the Company were consolidated on the basis of one new security for ten existing securities. Following the share consolidation, the number of outstanding securities of the Company is now 9,510,943 common shares.
Effective at the opening of business Tuesday April 16, 2013, the common shares of "ABE Resources Inc." will commence trading on the TSX Venture Exchange under the symbol "ABE" and the common shares of "Abitex Resources Inc." will be delisted.
Letters of transmittal with respect to the consolidation have been mailed out to all registered shareholders by the company's transfer agent, Computershare. The letter of transmittal describes the process by which shareholders may obtain new certificates representing their consolidated common shares. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not need to complete a letter of transmittal.
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 press release contains "forward-looking information" which is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information.
SOURCE: ABE Resources Inc.
For further information:
Yves J. Rougerie
President and CEO
Tel: (819) 874-6200 ext. 222