Hello David
Date: April 24, 2002
TSX Venture Exchange: MGJ
Shares Issued: 51,986,495
News Release # 02-15
Major General Resources Ltd. announced today the company will complete the restructuring of its shares on May 3, 2002. Reference can be made to the company's news release of April 12, 2002.
All shareholders of record at the close of business on May 2, 2002 will be entitled to receive one share of Commander Resources Ltd. for every three shares of Major General (1:3). In addition, following the consolidation, the shareholders of record of Commander Resources Ltd. on May 2, 2002 will receive one share of Diamonds North Resources Ltd. for every three and one-half shares of Commander held (1:3.5).
Shares outstanding to shareholders of record after the restructuring will be: Commander Resources Ltd. 17,328,831 and Diamonds North Resources Ltd. 4,951,094.
Commander shares will trade on the TSX Venture Exchange (Senior Board) under the symbol CMD. Diamonds North Resources Ltd. plans to complete a prospectus offering and is expected to be TSX Venture Exchange-listed in June 2002.
William J. Coulter
President
Regards
Vaughn |
