VANCOUVER, Jan. 28, 2014 /CNW/ - Golden Harp Resources Inc. (GHR: TSX.V) ("Golden Harp" or the "Company") announces that it received the approval of its shareholders and the TSX Venture Exchange (the "Exchange") regarding the consolidation of its issued common shares on the basis of ten old shares for one new share.
Effective at the opening of trading on January 30, 2014, the Company's common shares will be called for trading on the Exchange on a consolidated basis. The Company's name and symbol will remain the same. The post-consolidated common shares of the Company will be assigned a new CUSIP number of CA53626Q2045. The consolidation will reduce the number of outstanding common shares from 24,884,042 to approximately 2,488,404. No fractional common shares will be issued pursuant to the consolidation. All fractional common shares of less than one-half of a share will be rounded down to the nearest whole common share and all such fractional interests will be cancelled, and all fractional common shares of one-half or greater will be increased to one whole common share.
The Company's currently outstanding stock options and share purchase warrants will also be adjusted on the same basis with proportionate adjustments being made to the exercise price.
On behalf of the board,
Statements contained in this news release that are not historical facts are forward-looking statements, which are subject to a number of known and unknown risks, uncertainness and other factors that may cause the actual results to differ materially from those anticipated in the forward looking statements. Although we believe that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.
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: Golden Harp Resources Inc.
For further information:
about Golden Harp Resources Inc., please visit www.goldenharpresources.com or contact the Company at 604.689.0299.