Cantex Announce Proposal To Consolidate Shares

About this update from Cantex Mine Development Corp.

[{"type":"text","content":"\n\n\nKELOWNA, BC, June 6, 2013 /CNW/ - Cantex Mine Development Corp. (TSXV: CD) (the \"Company\") announces plan to proceed with a\n consolidation of the common shares of the Company on the basis of one\n (1) \"new\" common share for fifteen (15) \"old\" common shares as approved\n by shareholders at the Company's annual general meeting held on January\n 25, 2013.\n\n\nThere are currently outstanding approximately 406.6 million common\n shares. The consolidation will reduce the number of common shares\n outstanding to approximately 27.1 million. The Board of Directors\n believes that a reduced number of shares will better facilitate\n corporate finance transactions.\n\n\nThe share consolidation remains subject to the acceptance of the TSX\n Venture Exchange.\n\n\nSigned,\n\n\nCharles Fipke\n\n\nCharles Fipke\nChairmanNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release. \n\nSOURCE: Cantex Mine Development Corp.\n\n\n Cantex Mine Development Corp, Tel: +250-860-8582, Email: [email protected] Copyright CNW Group 2013","length":1748,"tagName":"div"}]

More updates from Cantex Mine Development Corp.