Section Rouge Média Inc. shareholders approve consolidation of shares
12 Mayo 2014 - 9:25AM
PR Newswire (Canada)
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.
Copyright 2014 Canada NewsWire
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