Metalex confirm share consolidation

About this update from Metalex Ventures Ltd.

[{"type":"text","content":"\n\n\n\nKELOWNA, BC, March 31 /CNW/ - Metalex Ventures Ltd. (TSXV : MTX) ("The\nCompany"), announces it has completed the consolidation of its common shares\non the basis of one (1) "new" common share for ten (10) "old" common shares as\napproved by shareholders at the Company's annual general meeting held on\nNovember 14, 2008. Effective April 1, 2009, the common shares of the Company\nwill commence trading on the TSX Venture Exchange on a consolidated basis.\n\n\nLetters of transmittal describing the process by which shareholders may\nobtain new share certificates representing their consolidated common shares\nwill be mailed shortly to registered shareholders. Shareholders who hold their\nshares through a broker or other intermediary and do not have shares\nregistered in their name will not be required to complete a letter of\ntransmittal. No fractional shares will be issued under the share consolidation\nand any fraction will be rounded to the nearest whole number.\n\n\nFollowing the consolidation and subject to rounding, the Company will\nhave issued and outstanding 9,379,157 common shares, 516,800 stock options\nwith a weighted average price of $1.10 per share and 1,012,700 warrants with a\nweighted average price of $7.10 per share.\n\n\n"Chad Ulansky"\n\nChad Ulansky\nPresident and CEO\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00008159E\n\n\n","length":1662,"tagName":"div"}]

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