RE:Canuc Resources to Consolidate shares 1:10
Canuc Resources 1:10 rollback effective as of Sept. 3
2015-09-08 09:40 ET - News Release
Mr. Hub Mockler reports
CANUC'S SHARE CONSOLIDATION EFFECTIVE SEPTEMBER 3, 2015
As of Sept. 3, 2015, the share consolidation for Canuc Resources Corp. has taken effect. The authorized capital of the corporation has been altered by consolidating all of the issued and outstanding common shares on the basis of one new common share for every 10 existing common shares. Any fractional shares arising from the consolidation of common shares have been rounded down to the nearest whole share.
Share consolidation was approved by company shareholders at the company's annual and special meeting held in Toronto, Canada, on Aug. 17, 2015, and by resolution of the board.
The company is also pleased to announce that Marc-Andre Lavoie was appointed as a director of the corporation on Aug. 17, 2015.
Mr. Lavoie has extensive experience with international financial markets and natural resources. He is currently managing director of Gestion Macber Inc., a private investment company. Previously, he has acted as chief executive officer and director of two publicly traded natural resources companies. Prior to that, Mr. Lavoie worked for approximately 15 years as a capital markets banker, primarily with BNP Paribas in London and New York. He holds a bachelor's degree from St. Francis Xavier University in Nova Scotia, a master's degree from the London School of Economics and a master's degree from Cambridge University in the United Kingdom.
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