Carmax Explorations Ltd.: Proposed Rollback Abandoned
21 April 2009 - 6:34AM
Marketwired Canada
On April 16, 2009 Carmax Explorations Ltd. (the "Company") (TSX VENTURE:CMX)
held a special general meeting of shareholders for the purpose of considering a
resolution which would authorize a rollback of the Company's issued and
outstanding share capital on a 10 for 1 basis. The special resolution failed to
get the requisite votes of shareholders in order for the resolution to pass.
As a result, the Company's share capital will not be consolidated as proposed.
A second special resolution which would have authorized a change in corporate
name was abandoned at the meeting.
CHARLES S. UNDERHILL, DIRECTOR & CFO
The Company relies upon litigation protection for "forward-looking" statements.
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