VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Share Consolidation
Carrus Capital Corporation (TSX VENTURE:CHQ) ("Carrus") is pleased to announce that on April 10, 2014 the board of directors approved the proposed consolidation of its issued and outstanding common shares on the basis of one (1) post-consolidation common share for every seven (7) pre-consolidation common shares. The Company will be implementing the approved share consolidation to shareholders of record on May 15, 2014 (the "Record Date"). Shareholders of the Company will receive one (1) share for every seven (7) shares held as of the Record Date. A letter of transmittal will be sent by mail to shareholders advising that the share consolidation has taken effect and instructing shareholders to surrender the certificates evidencing their common shares for replacement certificates representing the number of common shares to which they are entitled as a result of the consolidation. Until surrendered, each certificate will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.
Further details regarding the share consolidation are contained in the Company's Information Circular dated February 12, 2014, which has been filed under the Company's profile on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.