AXCP....Looks like a long line up for our haircuts ; )How typical for Directors to dispose of Shareholders via a Reverse Split......Whatever!
9 10:59 ET - News Release
An anonymous director reports
AXCAP VENTURES INC. ANNOUNCES PROPOSED CONSOLIDATION
Axcap Ventures Inc. intends to proceed with a consolidation of its common shares with a ratio of one postconsolidation common share for every 10 preconsolidation common shares.
The company expects to implement the consolidation in the coming weeks and will disseminate a further news release that will set out the effective date for the consolidation. The consolidation is subject to acceptance from the Canadian Securities Exchange, which will be evidenced by dissemination of a bulletin advising of the date of the consolidation. The company does not intend to undergo a name change in conjunction with the consolidation. The board believes that the consolidation will provide the company with increased flexibility to seek financing opportunities.
About Axcap Ventures Inc.
Axcap Ventures is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for the company's shareholders. The company will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including, but not limited to, the mineral exploration, technology, software development and biotechnology industries.
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