KENNA RESOURCES CORP V.KNA

Clarification Please?

[twoblue]

A paragraph from the release yesterday, is quoted below.  Would anybody who attended the AGM take a stab at explaining what this means.  I find it very confusing. Thanks in advance.

"The Company Information Circular dated February 29, 2008 describes a plan by the Company to separate our existing Mexico assets with a portion of our working capital into a separate entity ("Spin Out Transaction"). The Company intends to only do this if it results in listed and trading shares being distributed proportionately to the existing shareholders of the Company. A Special Resolution requiring shareholders approval of over two-thirds of the votes was passed allowing the Company to consolidate the common shares on the basis of two old shares for one new share and to change of name to a new name including the distinctive brand "MacMillan". The Company may chose to not proceed with these future amendments at any time without further notice. This special resolution will enable us to do the "Spin Out Transaction" prior to or in conjunction with the proposed merger of MacMillan post Spin Out and Duran Ventures Inc. which will be described in greater detail in a separate joint news release with Duran Ventures Inc."