Mira to roll back shares one-for-50, change name
2014-06-19 16:44 ET - News Release
Mr. Johnathan More reports
Mira Resources Corp. will be convening an annual general and special meeting of shareholders on July 15, 2014, and one of the resolutions being proposed to shareholders will be a consolidation of the company's share capital and a change of its name to Lighthouse Resources Ltd.
The company will be seeking member approval to a consolidation of its shares on a one-for-50 basis, or such lesser consolidation ratio as may be determined by the board of directors. The company currently has 156,965,926 shares outstanding and, accordingly, upon completion of the consolidation, approximately 3,139,318 shares will be outstanding.
The share consolidation is being proposed in order to allow the company greater flexibility in future financings. The company reserves the option of not consolidating its shares or consolidating at a ratio less than the above.
The share consolidation and change of name are subject to member approval and documentation in support being accepted for filing by the TSX Venture Exchange and the registrar of companies for the Province of British Columbia