News VANCOUVER, Oct. 31, 2012 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO"), announced that it is proceeding with the
share consolidation, on the basis of ten (10) old shares for one (1)
new share (the "Consolidation"), as was approved by shareholders at the
Annual and Special meeting held on October 12, 2012. As a result of
the Consolidation, the 130,527,778 common shares which are currently
issued and outstanding will be reduced to 13,052,777 shares. The name
of the Company will also be changed to "Alpha Minerals Inc."
concurrently with the Consolidation.
The effective date for the Consolidation and change of name will be
Friday, November 2, 2012 (the "Effective Date"). The
post-Consolidation common shares of Alpha Minerals Inc. will commence
trading on the TSX Venture Exchange at the opening of the market on the
Effective Date under the symbol "AMW".
Letters of transmittal describing the process by which shareholders may
obtain new share certificates representing their consolidated common
shares registered in the new name will be mailed to the registered
shareholders. Shareholders who hold their shares through a broker or
other intermediary and do not have shares registered in their own name
will not be required to complete a letter of transmittal. No
fractional shares will be issued under the share consolidation and any
fraction will be rounded down to the nearest whole number.
On behalf of the Board of Directors of ESO Uranium Corp.
"Ben Ainsworth"
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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.
Factors that could cause such differences include: changes in world
commodity markets, equity markets, costs and supply of materials
relevant to the mining industry, change in government and changes to
regulations affecting the mining industry. Forward-looking statements
in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure
issues and mineral recovery processes. Although we believe the
expectations reflected in our forward looking statements are
reasonable, results may vary, and we cannot guarantee future results,
levels of activity, performance or achievements.
SOURCE: ESO Uranium Corp.