Business
Empire Capital Corp. Announces Proposed Share Split and Change of Name
Jun. 16, 2011 (Canada NewsWire Group) -- BEDFORD, NS, June 16, 2011 /CNW/ - Empire Capital Co...
About this update from Zonte Metals Inc.
[{"type":"text","content":"\n\n\n Jun. 16, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nBEDFORD, NS, June 16, 2011 /CNW/ - Empire Capital Corp. ("Empire" or the "Company") (TSXV: EPM) announced today that its Board of Directors have\n considered a proposed two-for-one share split and will recommend that\n shareholders approve the proposed split at the Company's next Annual\n and Special Meeting of Shareholders, to be held on July 23, 2011 (the "Meeting").  In addition to shareholder approval, the stock split is subject to\n approval from the TSX Venture Exchange.\n\n\nIt is expected that the increased number of outstanding Common Shares\n resulting from the proposed stock split will provide a greater\n opportunity for investors to become shareholders of the Company as a\n result of increased liquidity in Empire's listed security. If passed\n and accepted, the share split would result in the number of outstanding\n common shares of the Company doubling from approximately 8,465,933 to\n approximately 16,931,866.\n\n\nThe Company also announces its intention to change its name to Zonte\n Metals Inc., subject to shareholder and Exchange approval, and will\n seek shareholder approval for the name change at the Meeting. The\n change of name is anticipated to occur shortly after the Meeting, once\n all regulatory and shareholder approvals have been obtained.\n\n\nFurther details with respect to the stock split will be disclosed in the\n Company's Management Information Circ...