Rollback time
Glenhaven proposes name change, rollback
Glenhaven Resources Inc GNN
Shares issued 25,909,796 Jul 6 close $0.035
Tue 6 Jul 99 News Release
Mr. Donald McInnes reports
After the conduct of ordinary business at the company's annual general
meeting held on June 15, 1999, the meeting was adjourned to July 27, 1999.
The purpose of the adjournment is to enable the company to propose the
following additional resolutions to the shareholders of the company:
1. a special resolution consolidating the common shares of the company on
a 1 for 6 basis, or on a 1 for 5 or 1 for 4 basis should the directors
of the company so determine;
2. an ordinary resolution increasing the authorized capital of the
company resulting from the consolidation to 100 million common shares;
and
3. a special resolution changing the company's name from Glenhaven
Resources Inc. to Glenhaven Minerals Ltd.
The company currently has 25,909,796 common shares outstanding, which would
result in 4,319,299 common shares outstanding if consolidated on a 1 for 6
basis.
The company has mailed a notice of adjourned meeting, information circular
and form of proxy to all shareholders entitled to vote at the adjourned
meeting. The record date for the adjourned meeting is May 10, 1999, being
the same record date as for the annual general meeting, accordingly
shareholders of record as of that date will be entitled to vote at the
adjourned meeting.
The proposed consolidation, increase in authorized capital and change of
name are all subject to approval from both the shareholders of the company
and the Alberta Stock Exchange. |
