Business
Odyssey Continuance and Share Consolidation
TORONTO, May 6 /CNW/ - Odyssey Resources Limited (TSX-V: ODX) ("Odyssey" or the "Company") is ple...
About this update from Odyssey Resources Limited
[{"type":"text","content":"\n\n\n\nTORONTO, May 6 /CNW/ - Odyssey Resources Limited (TSX-V: ODX) ("Odyssey"\nor the "Company") is pleased to announce it has filed articles of continuance\nand articles of amendment in Ontario to effect its previously announced\ncontinuance from Barbados to Ontario and its one-for-ten common share\nconsolidation. Effective at the opening of trading on May 8, 2008, Odyssey's\nshares are scheduled to begin trading on the TSX Venture Exchange on a\nconsolidated basis. Odyssey will mail a letter of transmittal to its\nregistered shareholders relating to the continuance and consolidation.\n\n\nThere are currently approximately 86.8 million Odyssey common shares\noutstanding. The consolidation will reduce the number of common shares\noutstanding to approximately 8.68 million.\n\n\nAbout Odyssey Resources\n\n\nOdyssey Resources Limited is a Canadian-based junior exploration company\nwhose main focus has been in Morocco. Odyssey's shares trade on the TSX\nVenture Exchange under the symbol "ODX".\n\n\nForward-Looking Statements\n\n\nThe above contains forward-looking statements that are subject to a\nnumber of known and unknown risks, uncertainties and other factors that may\ncause actual results to differ materially from those anticipated in our\nforward-looking statements. Although we believe the expectations reflected in\nour forward-looking statements are reasonable, results may vary, and we cannot\nguarantee future results.\n\n\nFor more information, please refer to Odyssey's website\nwww.odysseyresources.com or contact:\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this news release.\n\n\n","length":1758,"tagName":"div"}]