CMQ RESOURCES INC. ("NV")
BULLETIN TYPE: Delist - Reorganization via Consolidation
BULLETIN DATE: July 24, 2014
TSX Venture Tier 2 Company
Further to the Company's press releases dated May 23, 2014 and July 22, 2014, the common shares of CMQ Resources Inc. (the "Company") will be delisted from TSX Venture Exchange effective at the open of business, Friday, July 25, 2014.
The delisting of the Company's common shares results from the completion of a reorganization by way of security consolidation approved by more than two-thirds of the shareholders of the Company and by the majority of the minority shareholders at the Company's Annual and Special Meeting of Shareholders held on July 22, 2014.
Under the reorganization, all of the common shares of the Company were consolidated on the basis of one (1) new common share for twenty one million (21,000,000) old common shares. No fractional shares were issued following the consolidation. All fractional shares were repurchased by the Company at a price of $0.02 per each pre-consolidation share. Following the consolidation, only 1 post-consolidation common share was issued to Matco Investments Ltd., which became the sole shareholder of the Company. Additionally, shareholders approved an amendment to the stock option plan of the Company whereby holders of options exercisable to purchase common shares instead will be exercisable for the identical consideration of $0.02 per pre-consolidation share, as holders of such fractional shares are entitled to receive as a result of the consolidation.
For more information, please consult the Company's Management Information Circular dated June 27, 2014 and press release dated July 23, 2014.
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