Section Rouge Média Inc. announces shares consolidation
02 April 2014 - 5:48AM
PR Newswire (Canada)
LONGUEUIL, QC, April 1, 2014 /CNW Telbec/ - Section Rouge Média
Inc. ("Section Rouge") (TSX-V: SRO), announces today that it will
seek shareholders' approval at its annual and special meeting of
shareholders to consolidate its common shares on a basis of one (1)
share of Section Rouge for every tranche of eight (8) old shares of
Section Rouge currently issued and outstanding. This consolidation
will allow the number of Section Rouge's shares issued and
outstanding to be reduced to around 4.96 million.
The Board of Directors considers this consolidation as an
essential step in order to continue raising capital and should
provide greater flexibility to fund potential upcoming
projects.
The special and annual meeting will take place in Longueuil, on May 8,
2014. The consolidation is subject to the approval of
shareholders and the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Section Rouge Média Inc.
Copyright 2014 Canada NewsWire
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