Saville Resources Inc. Completes Share Consolidation
Vancouver, B.C. (FSCwire) - Saville Resources Inc. (TSXv: SRE) ("Saville" or the "Company") is pleased to report that the TSX Venture Exchange has approved the consolidation of the common shares of the Company on the basis of five (5) pre-consolidation shares for one (1) post-consolidation share, pursuant to a special resolution passed by shareholders on June 29, 2016. The consolidation will become effective at the opening of the market on July 7, 2017. The name of the Company has not been changed.
Currently, a total of 25,891,911 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 5,178,382 shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized shares.
Computershare Investor Services Inc. will mail letters of transmittal to the shareholders providing instructions on exchanging pre-consolidation share certificates for post-consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.
ON BEHALF OF THE BOARD
SAVILLE RESOURCES INC.
President and CEO
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.
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Source: Saville Resources Inc. (TSX Venture:SRE)
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