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Trijet Mining Corp V.TJT



TSXV:TJT - Post by User

Post by mepecachewon Feb 25, 2013 12:31pm
288 Views
Post# 21038673

Share consolidation and name change

Share consolidation and name change

A share consolidation and a name change was approved at the Meeting. The Company will proceed with the consolidation of its share capital on the ratio of one new share for two old shares to provide the Company with greater flexibility for future financings. Currently, a total of 23,573,941 common shares in the capital of the Company are issued and outstanding. A total of 11,786,970 common shares of the Company will be issued and outstanding following the proposed consolidation, assuming no other changes in the issued capital. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants would similarly be adjusted by the consolidation ratio. The consolidation is subject to approval by the TSX Venture Exchange. Concurrent with the share consolidation, the Company is changing its name from "Trijet Mining Corp." to "Umbral Energy Corp." or such other name the Directors decide upon. Details of the consolidation and name change are contained in the Company's Information Circular dated January 22, 2013, which was mailed to shareholders for the Meeting, and filed on SEDAR at www.sedar.com.

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