Resumen: Rio Cristal Resources Corporation (BVL:RCZ) anuncia que en la Asamblea General Anual de Accionistas a celebrarse el 11 de setiembre del 2012, una resolución ordinaria será propuesta para consolidar el capital social de la compañía para una nueva base de 01:10.
La directiva considera que la financiación de capital será necesaria para facilitar financiamientos futuros, y es opinión de la administración que el capital social existente y en circulación no es conducente a facilitar la atracción de nuevas inversiones.
Rio Cristal to Consolidate Shares
VANCOUVER, BRITISH COLUMBIA and LIMA, PERU--(Marketwire - Aug. 14, 2012) - Rio Cristal Resources Corporation (TSX VENTURE:RCZ)(BVL:RCZ) ("Rio Cristal" or the "Company") announces that at the annual general meeting of shareholders of the Company to be held on September 11, 2012, an ordinary resolution will be proposed to consolidate the Company's share capital on a one new for ten old (1:10) basis (the "Consolidation").
Management of the Company believes that further equity financing is required in order for the Company to facilitate future financings. It is management's opinion that the Company's existing issued and outstanding share capital is not conducive to completing such additional equity financing, and that the Consolidation is required in order to facilitate attracting new equity investment in the Company.
The Company currently has 149,260,425 issued and outstanding common shares. Pursuant to the Consolidation, each 10 pre-Consolidation common shares will be consolidated into one (1) post-Consolidation common share. Accordingly, on completion of the Consolidation, the Company will have approximately 14,926,042 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. Outstanding stock options and warrants will similarly be adjusted by the Consolidation ratio.
The Consolidation is subject to acceptance by TSX Venture Exchange, in addition to shareholder approval.
The timing of the Consolidation will be governed by the regulatory and transfer agent requirements. A news release will be issued when the date of the Consolidation has been determined. The Company will not be changing its name in conjunction with the Consolidation.
Fuente: http://tmx.quotemedia.com
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