Business
Medworxx Announces Share Consolidation
Medworxx Announces Share Consolidation
About this update from Regenx Tech Corp
[{"type":"text","content":"\n\n\n\n Aug. 16, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nTORONTO, Aug. 16 /CNW/ - Medworxx Solutions Inc. (the "Company") (TSXV: MWX) is pleased to announce that, effective August 17, 2010, the Company has consolidated its shares on a 4 for 1 basis. The share consolidation was authorized by shareholders at the annual and special meeting of the Company which was held on June 29, 2010 as well as by the TSX Venture Exchange.\nShareholders of the Company will be requested to deliver their share certificates representing the pre-consolidation common shares to the Company's transfer agent against delivery of new certificates representing the post-consolidation shares. A letter of transmittal for the exchange of the shares will be sent to the shareholders concurrent with the issuance of this news release or shortly thereafter. No action is required by non-registered shareholders, who hold securities of the Company through an intermediary, to effect consolidation of their beneficially held securities.\nAs a result of the share consolidation, the Company's issued and outstanding common shares decreased from 69,735,536 common shares (pre-consolidation) to 17,433,884 common shares (post-consolidation). The common shares continue to trade under the stock symbol "MWX".\nFurther details with respect to the consolidation are disclosed in the Company's Management Information Circular dated May 25, 2010, as electronically filed with regulators and available for viewing through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.\n\n\n >\n\n\nMedworxx, the makers of strategic software platforms that hospitals use to communicate, aggregate, and analyze knowledge, has been capturing the power of hospital knowledge since 2004. Medworxx' products are used by more than 500,000 users at over 280 hospitals across North America. Headquartered in Toronto, Ontario, Medworxx trad...