Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Running Fox Resource Corp V.RUN.H

Alternate Symbol(s):  RFXRF

Running Fox Resource Corp. is engaged in the business of reviewing, optioning, or acquiring suitable projects and developing those projects in Canada and the United States. The Company’s wholly owned subsidiary is Running Fox (US) Inc.

TSXV:RUN.H - Post Discussion

Running Fox Resource Corp > Running Fox proposes 1:15 rollback, appoints Waters CFO
View:
Post by allenbow on Jun 08, 2016 4:42pm

Running Fox proposes 1:15 rollback, appoints Waters CFO

RUNNING FOX NEWS RELEASE AGM

Running Fox Resource Corp. will ask shareholders to approve a special resolution at the upcoming annual general meeting to change the company's name and to consolidate the shares on a basis of one new share for up to 15 old shares as one of the reorganization steps in order to be competitive in the marketplace.

If approved, the final rollback ratio, if any, will be at the discretion of the company's directors and announced prior to any rollback in due course.

Under current TSX Venture Exchange policy, no exchange approval is required for share rollbacks that utilize a consolidation ratio of not more than 1:10 in any 24-month period.

At the AGM, shareholders may approve a rollback ratio of up to 1:15, and, if the company seeks a ratio of greater than 1:10, then exchange approval will be required.

The share consolidation, or share rollback, would be in a ratio of one new share for up to 15 old shares (share rollback maximum is 1:15). The number of postconsolidation shares issued and outstanding would be dependent on the specific ratio that the common shares will be consolidated. Specifics of a name change would be announced in due course as applicable. Completion of a name change is subject to TSX Venture Exchange approvals.

Fractional postconsolidation common shares would not be issued, fractional shares resulting from a consolidation would be rounded down to the nearest whole number, and no cash consideration will be paid in respect of fractional shares.

The company has also appointed Wayne Waters as chief financial officer in place of Chris Loosley and thanks Mr. Loosley for his service to the company.

Steve Schurman is a certified professional geologist (CPG) and has reviewed this release on behalf of Running Fox Resource.

© 2016 Canjex Publishing Ltd. 

Comment by moorage on Jul 18, 2016 2:41pm
The AGM happend last thursday. Where are the news ?
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities