KELOWNA, BC, June 17, 2013 /CNW/ - Cantex Mine Development Corp. (CD : TSX-V) (the "Company") it has completed the consolidation of its
issued common shares on the basis of one (1) "new" common share for
fifteen (15) "old" common shares as approved by the TSV Venture
Exchange and consented to by the shareholders at the Company's annual
general and special meeting held on January 25, 2013. Effective at the
opening on June 18, 2013, the common shares of the Company will
commence trading on the TSX Venture Exchange on a consolidated basis.
There is no change to the Company's name or trading symbol.
Letters of transmittal describing the process by which shareholders may
obtain new share certificates representing their consolidated common
shares will be mailed shortly to registered shareholders. Shareholders
who hold their shares through a broker or other intermediary and do not
have shares registered in their name will not be required to complete a
letter of transmittal. No fractional shares will be issued under the
share consolidation and any fraction will be rounded to the nearest
Following the consolidation and subject to rounding, the Company will
have issued and outstanding 27,109,891 common shares, 982,667 stock
options with a weighted average price of $1.50 per share and 566,667
warrants with a weighted average price of $1.50 per share.
President & CEO
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.
SOURCE: Cantex Mine Development Corp.
For further information:
Cantex Mine Development Corp, Tel: +250-860-8582, Email: email@example.com