Santa Rosa Resources Corp. to proceed with Stock Consolidation
VANCOUVER, Nov. 19, 2012 /CNW/ - Santa Rosa Resources Corp.
(TSX Venture: STR.H) is pleased to announce it intends to proceed
with the consolidation of its common shares on a one new for ten
old (1:10) basis.
The shareholders of Santa Rosa approved the consolidation at the
annual general meeting of shareholders held on November 15, 2012. At the meeting, 32.13% of
Santa Rosa shareholders were
represented in person or by proxy. The consolidation was approved
with 99.78% of the common shares being voted in favor of the
consolidation.
Santa Rosa
currently has 44,713,238 issued and outstanding common shares. On
completion of the consolidation, Santa
Rosa will have approximately 4,471,323 common shares issued
and outstanding. The exact number of post-consolidation shares will
vary depending upon the treatment of fractions which will occur
when each shareholder's holdings are consolidated.
The consolidation is subject to acceptance for
filing by the TSX Venture Exchange.
Neither 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.
SOURCE Santa Rosa Resources Corp.