VANCOUVER, Nov. 19, 2012 /CNW/ - Santa Rosa Resources Corp. (TSX Venture: STR.H) is pleased to announce it intends to proceed with the consolidation of its common shares on a one new for ten old (1:10) basis.
The shareholders of Santa Rosa approved the consolidation at the annual general meeting of shareholders held on November 15, 2012. At the meeting, 32.13% of Santa Rosa shareholders were represented in person or by proxy. The consolidation was approved with 99.78% of the common shares being voted in favor of the consolidation.
Santa Rosa currently has 44,713,238 issued and outstanding common shares. On completion of the consolidation, Santa Rosa will have approximately 4,471,323 common shares issued and outstanding. The exact number of post-consolidation shares will vary depending upon the treatment of fractions which will occur when each shareholder's holdings are consolidated.
The consolidation is subject to acceptance for filing by the TSX Venture Exchange.
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: Santa Rosa Resources Corp.
For further information:
Contact: Garth Albright, CFO 604-630-5657 / [email protected]