Imperial Ginseng Products Ltd. Announces Share Consolidation Effective Date
10 Febrero 2011 - 1:36PM
Marketwired
Imperial Ginseng Products Ltd. (TSX VENTURE: IGP)(TSX VENTURE:
IGP.PR.A) ("Imperial") is pleased to announce that it has obtained
approval from the TSX Venture Exchange for the consolidation of two
share classes. The post-consolidation common shares and convertible
preference shares, Series "A" will commence trading on the TSX
Venture Exchange on Friday, February 11, 2011. The trading symbol
for each share class remains unchanged.
All issued and outstanding common shares of Imperial's will be
consolidated on the basis of ten (10) existing shares for one
post-consolidation share. Imperial's convertible preference shares,
Series "A" will be consolidated on the basis of twenty (20)
existing shares for one (1) post-consolidation share. Upon the
implementation of the consolidation, it is estimated that, subject
to rounding, there will be approximately 2,237,500 common shares
and 1,272,800 convertible preference shares, Series "A" issued and
outstanding.
Imperial's registered shareholders have been sent a letter of
transmittal detailing the exchange procedures for
post-consolidation share certificates. Shareholders are also
invited to contact Computershare Investor Services Inc., Imperial's
transfer agent and registrar, by phone at 1-800-564- 6253 or by
email to corporateactions@computershare.com for additional forms or
if further information on the share certificate exchange procedures
is required.
Imperial also made a note to clarify that conversion price of
the convertible preference shares, Series "A" for one common share
will be proportionally adjusted upon the implementation of the
consolidation.
Details regarding the share consolidation are contained in
Imperial's management information circular available on SEDAR at
www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF IMPERIAL GINSENG PRODUCTS
LTD.
Stephen McCoach, Chief Executive Officer and Director
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.
Contacts: Imperial Ginseng Products Ltd. Stephen McCoach Chief
Executive Officer and Director (604) 689-8863 (604) 689-8892 (FAX)
info@imperialginseng.com www.imperialginseng.com
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