RE: What's going onA 6 to 1 consolidation of the shares prior to the open today.
FORM 51-102F3Material Change Report
ITEM 1. NAME AND ADDRESS OF COMPANY
GALENA CAPITAL CORP. (the "Company") PO Box 10321, Pacific Centre
Suite 880 – 609 Granville Street Vancouver, BC V7Y 1G5
ITEM 2. DATE OF MATERIAL CHANGE
July 18, 2011.
ITEM 3. NEWS RELEASE
Issued July 15, 2011 which was disseminated by Canada Stockwatch and Market Newswire and filed with the TSX Venture Exchange and the British Columbia and Alberta Securities Commission on SEDAR.
ITEM 4. SUMMARY OF MATERIAL CHANGE
The board of directors of the Company announced that, effective July 18, 2011, the Company has consolidated its common shares on the basis of one (1) post-consolidation common share for every six (6) pre-consolidation common shares. The Company has a total of 15,100,196 post-consolidation common shares issued and outstanding.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
See attached news release.
ITEM 6. RELIANCE ON SUBSECTION 7.1(3) OF NATIONAL INSTRUMENT 51-102
Not applicable.
ITEM 7. OMITTED INFORMATION
No information has been omitted on the basis that it is confidential information.
ITEM 8. EXECUTIVE OFFICER
Contact: Arni Johannson, President and CEO Telephone: (604) 683-7588
ITEM 9. DATE OF REPORT
| DATED at Vancouver, British Columbia, this 15th day of July, 2011. Suite 880, 609 Granville Street PO Box 10321, Pacific Centre Vancouver, BC V7Y 1G5 Canada Telephone: (604) 683-7588 |