Germany: WKN A0MNSR /
VANCOUVER, March 9, 2012 /CNW/ - Nass Valley Gateway Ltd. (the "Company" or "Nass Valley") wishes to announce that further to its news release on February 28, 2012, the Company's common shares will begin trading on a post-consolidation basis when markets open on March 13, 2012.
As announced in the Company's news release dated February 28, 2012, the Board of Directors approved the implementation of the share consolidation on February 3, 2012 on a basis of three (3) pre-consolidated common shares to one (1) post-consolidated common share. Shareholders holding in aggregate of 71.15% of the outstanding common shares pre-consolidation have consented to the share consolidation. The share consolidation has been accepted by the Canadian National Stock Exchange.
There will be no name change of the Company in conjunction with the share consolidation and Nass Valley's common shares will continue to be traded under the symbol "NVG" on a post consolidation basis, under the new CUSIP 631520202 and ISIN number CA 6315202029.
Letters of transmittal with respect to the consolidation will be mailed out to all registered shareholders on/about March 13, 2012. All registered shareholders of the Company who have not deposited their shares with a securities broker, will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to Nass Valley's transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare Investor Services Inc. All shareholders who duly complete letters of transmittal will receive post-consolidation common share certificates from the transfer agent. No certificates representing fractional post-consolidation common shares will be issued pursuant to the consolidation. If shareholders have their shares deposited with a securities broker, the brokerage firm will usually take care of the proper share exchange even if the shares are going to be deposited at a later date.
Following consolidation and subject to rounding, Nass Valley will have 12,383,750 common shares issued and outstanding. All outstanding options and warrants will also be adjusted accordingly to reflect the share consolidation.
The CNSX has not reviewed, and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For further information:
If there are any questions in this regard, please contact the Corporate Secretary, Ms. Josephine See, [email protected], or
Telephone: (250) 621-3286
Dieter W. Peter
Chairman & CEO
Telephone: (604) 685-4170