Becker Gold Mines Ltd. Announces a Proposed Share Consolidation and a Proposed Name Change
JUNE 1, 2007 - 17:34 ET
ccnmatthews.com
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 1, 2007) - BECKER GOLD MINES LTD. (TSX VENTURE:BGD) (the "Company") announces that it will hold an Annual General Meeting of its shareholders on June 28, 2007 (the "Meeting") at which it will ask the shareholders to consider and, if thought fit, to pass a resolution authorizing the directors, up until the next Annual General Meeting, to institute a consolidation of the Company's issued common shares.
Circumstances may arise in the coming year such as an acquisition by and/or financing of the Company, whereby a consolidation of the shares in connection therewith may be deemed necessary or desirable by the Company. The consolidation, if carried out, would be on the basis of two old shares for one new share. There are currently 9,022,911 common shares of the Company issued and outstanding. Assuming that the consolidation is implemented by the Board of Directors of the Company thereafter, the number of common shares outstanding will be reduced to approximately 4,511,455 common shares. If implemented, any share consolidation may also result in a concurrent change in name of the Company to a name determined by the Board of Directors and approved by the TSX Venture Exchange and the British Columbia Registrar of Companies. Implementation of the consolidation and any concurrent name change will be subject to the approval of the TSX Venture Exchange.
A copy of the Notice of Annual General Meeting and Information Circular will be mailed to the shareholders of the Company and filed through SEDAR (www.sedar.com) on June 1, 2007.
By Order of the Board of Directors
BECKER GOLD MINES LTD.
Stephen Kenwood, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
