| | | June 21, 2012
MBMI Announces Completion of Share Consolidation
|
| | Richmond Hill, Ontario, June 21, 2012 - MBMI RESOURCES INC. (the "Company") (TSX-V: MBR) announces that, having obtained the approval of its shareholders and the TSX Venture Exchange, the Company has been continued into Ontario and a consolidation of the Company's common shares (the "Common Shares") is now being completed on a ten (10) to one (1) basis, whereby one (1) new Common Share would be issued for every ten (10) pre-consolidation Common Shares issued and outstanding. The Common Shares will begin trading on a consolidated basis on the TSX Venture Exchange beginning on June 22, 2012.
The Company believes that the completion of a share consolidation would facilitate future financings by the Company, as these may be accomplished through the issuance of additional Common Shares. The Company currently has 181,657,658 Common Shares outstanding. After the completion of the share consolidation, the Company would have approximately 18,165,765 Common Shares outstanding.
Contacts:
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com or contact John Wong, President and CEO by telephone at 905-886-3888 or by email at mbmi@mail.com.
Cautionary Statement:
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. |
| |
| | You can view the Next News Releases item: Thu Jun 28, 2012, MBMI Announces Updates on Share Consolidation and Announces Debenture Conversions
You can view the Previous News Releases item: Mon Jun 4, 2012, MBMI Files Year End Financial Statements
You can return to the main News Releases page, or press the Back button on your browser.
|
|
|
