RE:RE:RE:RE:Question for m2gratvalou, You know KLA is now our Integra Gold,, I was buying shares for under 0.02 cents then came the 1 for 10 Colsolidation that gave me an 0.19 cent AV cost, after buying a few more shares I have an AV cost of .22 on one half million shares,,, that I am willing to keep. Now that KLA / ICG is trading @ .40 cent range I am quite happy and KLA ha done extreamly well after the Share Consolidation !
Dec 21, 2010
Kalahari Shareholders Approve Consolidation and Name Change to Integra Gold Corp.
Kalahari Resources Inc. (TSX-V: KLA) (the "Company") is pleased to announce that shareholders of the Company and the TSX Venture Exchange (the "Exchange") have approved the consolidation of the Company's shares on a 10:1 basis. Effective December 22, 2010 the Company will trade under its new name of Integra Gold Corp. (TSX-V: ICG).
CONSOLIDATION AND NAME CHANGE:
At the Company's Annual General and Special Meeting held on December 16, 2010, shareholders approved a consolidation of its share capital on the basis of one (1) new common share for every existing ten (10) common shares (the "Consolidation"). Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The Consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to fund future operations. Shareholder and Exchange approval of the Consolidation has been received with the record date set as December 22, 2010. The Company now has a total of 33,421,471 common shares issued and outstanding. As part of the Consolidation, the name of the Company was changed to Integra Gold Corp.
An updated Company website is under construction and is expected to be announced in the near future.