LONGUEUIL, QC, May 12, 2014 /CNW Telbec/ - Section Rouge Média Inc. ("Section Rouge") (TSXV: SRO), announces today that its shareholders have approved the resolution allowing the consolidation of the common shares of Section Rouge during the Annual and Special Meeting of shareholders held on May 8, 2014. Ninety-nine percent of votes expressed at the meeting were in favour of this resolution. A Certificate of Amendment was obtained by Section Rouge for the consolidation of the common shares, which consists of one (1) new share of Section Rouge for each tranche of eight (8) common shares of Section Rouge currently issued and outstanding. The consolidation will reduce the number of Section Rouge's shares issued and outstanding to around 4.96 million shares. The TSX Venture Exchange has indicated that the new shares of Section Rouge, whose name and symbol will remain unchanged, will begin trading as of the opening of the markets on Tuesday, May 13.
Section Rouge has already sent a letter of transmittal to its registered shareholders which outlines the procedures to follow in order to exchange their certificates of current shares of Section Rouge for new certificates representing post-consolidation common shares. Shareholders are asked to carefully read the letter's instructions in order to receive their new share certificates.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Section Rouge Média Inc.
For further information: Section Rouge Média Inc., Jean-Pierre Rancourt, President and CEO, Tel: 450-677-2556 #222