Stocks & Investing
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Stocks and Investing
Fri, January 27, 2012 Messina to Seek Approval of Proposed Share Consolidation
January 27, 2012 14:17 ET
Messina to Seek Approval of Proposed Share Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2012) - Messina Minerals Inc. (TSX VENTURE:MMI) (the "Company") announces that at the Company's Annual General Meeting scheduled for February 23, 2012 one of the resolutions being sought will be to authorize a proposed consolidation of the Company's share capital.
The Company will be seeking shareholder approval to authorize, ratify, and approve the implementation by the Company's Board of Directors of a consolidation of all of the Company's issued and fully paid common shares on a ratio to be determined by the Board of Directors but, in any event, not to exceed 10 pre-consolidation shares for 1 post-consolidation share. The Company currently has 62,915,810 shares outstanding.
The share consolidation is being proposed in order to allow the Company greater flexibility in future corporate activities. The Company reserves the option of not proceeding with the proposed consolidation of its shares.
The proposed share consolidation is subject to shareholder approval, and documentation in support being accepted for filing by the TSX Venture Exchange. There is no change in the Company's name proposed in conjunction with the proposed share consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS OF MESSINA MINERALS INC.
Peter Tallman, President
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.
