Business
Sultan Minerals Inc. Announces 10:1 Share Consolidation and Name Change
(via Thenewswire.ca) Vancouver, BC / TheNewswire / June 22, 2016 - Sultan Minerals Inc. ...
About this update from Apex Resources Inc.
[{"type":"text","content":"Sultan Minerals Inc. Announces 10:1 Share Consolidation and Name Change(via Thenewswire.ca)\n \n \nVancouver, BC / TheNewswire / June 22, 2016 - Sultan Minerals Inc. (\"Sultan\" or the \"Company\") (TSX-V: SUL) announces that the Board of Directors has approved a resolution consolidating the Company's common share capital on the basis of every ten (10) common shares of the Company being consolidated to one share. In addition, the Company will also seek regulatory approval to change its name to Apex Resources Inc.\n\n\n \nThe Board of Directors believes that the share consolidation will provide the Company with greater flexibility to arrange the financings it requires and to move the Company forward.\n\n\n \nThe proposed share consolidation and name change are both subject to TSX Venture Exchange acceptance. A news release will be issued when the effective date of the consolidation and name change has been determined.\n\n\n \nUpon completion of the share consolidation and name change, it is expected that on the basis of a 10:1 share consolidation, there will be approximately 13,477,192 common shares of the Company issued and outstanding.\n\n\n \nArthur G. Troup, P.Eng.,\n\n\n \nGeological\n\n\n \nPresident and CEO\n\n \n \nFor further information please contact:\nMarc Lee, Investor and Corporate Communications\nTel: (604) 628-0519 Fax: (604) 628-0446 \nEmail: [email protected] or [email protected]\n\n\n \nThis release was prepared by Sultan's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed \"forward-looking statements.\" All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Sultan expects are forward-looking statements. Although Sultan believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to d...