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Bullboard - Stock Discussion Forum UNITED REEF LTD V.URP

TSXV:URP - Post Discussion

UNITED REEF LTD > United Reef to Implement Name Change and Consolida
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Post by mrsgoldminer on Aug 16, 2012 12:10pm

United Reef to Implement Name Change and Consolida

  Here we go again

 

ress release from Marketwire             

United Reef to Implement Name Change and Consolidation

Thursday, August 16, 2012

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2012) - United Reef Limited (TSX VENTURE:URP) ("United Reef" or the "Company") is pleased to announce that the Company's common shares will commence trading under its new name NEW KLONDIKE EXPLORATION LTD. ("New Klondike") effective at the open of trading on Friday, August 17, 2012, under the new trading symbol 'NK'. Concurrently with the commencement of trading under the name New Klondike, the Company's presently issued and outstanding common shares will be consolidated on the basis of one (1) New Klondike common share being issued in exchange for each eight (8) United Reef common shares outstanding immediately prior to the consolidation. New Klondike will have approximately 11,142,500 common shares issued at the commencement of trading.

United Reef shareholders approved these matters at the Annual and Special Meeting of Shareholders held on July 13, 2012. Letters of Transmittal are being mailed to registered shareholders with instructions on how to exchange their share certificates.

Management is focused on the completion of the Company's reorganization and advancing the acquisition of a new exploration project. A New Klondike website will be launched in the near future.

Shares issued: 89,139,980

Fully diluted: 94,929,980

FOR FURTHER INFORMATION PLEASE CONTACT:

United Reef LimitedFor further information about New Klondike please contact:Michael Coulter, President416-368-3332info@unitedreef.com
Comment by MEL93013 on Aug 16, 2012 3:44pm
Thanx for that , GLTA.
Comment by mrsgoldminer on Aug 16, 2012 4:21pm
Your welcome mel.I think you can make some money if you get it cheap enough Just wish they had a better owner and promoter,but time will tell all the best Mel
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