TORONTO, May 6 /CNW/ - Odyssey Resources Limited (TSX-V: ODX) ("Odyssey" or the "Company") is pleased to announce it has filed articles of continuance and articles of amendment in Ontario to effect its previously announced continuance from Barbados to Ontario and its one-for-ten common share consolidation. Effective at the opening of trading on May 8, 2008, Odyssey's shares are scheduled to begin trading on the TSX Venture Exchange on a consolidated basis. Odyssey will mail a letter of transmittal to its registered shareholders relating to the continuance and consolidation.
There are currently approximately 86.8 million Odyssey common shares outstanding. The consolidation will reduce the number of common shares outstanding to approximately 8.68 million.
About Odyssey Resources
Odyssey Resources Limited is a Canadian-based junior exploration company whose main focus has been in Morocco. Odyssey's shares trade on the TSX Venture Exchange under the symbol "ODX".
Forward-Looking Statements
The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results.
For more information, please refer to Odyssey's website www.odysseyresources.com or contact:
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.