Star Minerals Group Ltd. Announces Delisting, Relisting and Consolidation
25 December 2013 - 5:30AM
Marketwired
Star Minerals Group Ltd. Announces Delisting, Relisting and
Consolidation
SASKATOON, SASKATCHEWAN--(Marketwired - Dec 24, 2013) - Star
Minerals Group Ltd. ("Star" or the "Company") (TSX-VENTURE:SUV)
announces that it has received the TSX Venture Exchange's ("TSXV")
approval to voluntarily delist from the TSXV effective as of the
close of business on December 24, 2013. The Company will commence
trading on the Canadian National Stock Exchange (the "CNSX") as of
the open of business on December 27, 2013 under the trading symbol
"SUV".
Further to its news release dated December 16, 2013, effective
as of December 27, 2013 the Company will consolidate its common
shares (the "Consolidation") on the basis of one (1)
post-Consolidation common share for every three (3)
pre-Consolidation common shares. Where the exchange results in a
fractional share, the number of common shares will be rounded up to
the nearest whole common share. Shareholder approval of the
Consolidation was obtained at the annual general and special
meeting of shareholders held on August 27, 2013. A new CUSIP number
of 85516G201 replaces the old CUSIP number to distinguish between
pre- and post-Consolidation shares. The Company's name will remain
unchanged.
Commencing at the opening of trading on December 27, 2013, the
common shares of the Company will commence trading on the CNSX on a
post-Consolidation basis. Following the Consolidation there are
expected to be 22,485,085 post-Consolidation common shares
outstanding.
About Star Minerals Group Ltd.
Star is a Canadian based entity focused on the strategic
acquisition and development of resource properties on a worldwide
basis.
For more information, please visit our website at
www.staruranium.com.
Forward Looking Statements
This news release contains certain statements which constitute
forward-looking statements or information ("forward-looking
statements"), including statements regarding the Consolidation and
the commencement of trading on the CNSX. Such forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond Star's control, including the impact of general
economic conditions, industry conditions, volatility of commodity
prices, currency fluctuations, competition from other industry
participants, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although
Star believes that the expectations in its forward-looking
statements are reasonable, they are based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such statements are subject to known and
unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to
differ materially from those stated, anticipated or implied in the
forward looking information. As such, readers are cautioned not to
place undue reliance on the forward looking information, as no
assurance can be provided as to future results, levels of activity
or achievements. Other factors that could materially affect such
forward-looking statements are described in the risk factors in the
most recent management's discussion and analysis that is available
on the Company's profile on SEDAR at www.sedar.com. Readers are
cautioned that the foregoing list of factors is not exhaustive. The
forward-looking statements contained in this document are made as
of the date of this document and, except as required by applicable
law, Star does not undertake any obligation to publicly update or
to revise any of the included forward-looking statements, whether
as a result of new information, future events or otherwise. The
forward-looking statements contained in this document are expressly
qualified by this cautionary statement.
Neither the 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 release.
Star Minerals Group Ltd.Jim
Engdahl306-664-3828306-244-0042info@staruranium.comwww.staruranium.com
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