ROSITA MINING CORPORATION ("RST")
[formerly Midlands Minerals Corporation ("MEX")]
BULLETIN TYPE: Amalgamation, Name Change and Consolidation, Resume Trading
BULLETIN DATE: July 27, 2015
TSX Venture Tier 2 Company
Amalgamation
TSX Venture Exchange has accepted for filing a plan of arrangement between Alder Resources Ltd. ("Alder") and Midlands Minerals Corporation (the "Company"). Pursuant to the arrangement, each of the issued and outstanding shares of Alder were exchanged for 1.81 pre-consolidated shares of the Company. Additionally, holders of Alder warrants and stock options will receive 1.81 shares of the Company, to be adjusted for the consolidation, in the event they are exercised. A further 36,200 shares of Alder will be issued, on a post consolidated basis, in the event Alder exercises its property earn-in option agreement with a third party.
In aggregate, pursuant to the arrangement the Company has issued:
- 17,325,347 common shares.
The Company may further issue up to an additional:
- 524,900 shares in connection with warrants of Alder (adjusted on a post-consolidated basis);
- 1,367,817 shares in connection with options of Alder (adjusted on a post-consolidated basis); and
- 36,200 shares in connection with an option agreement between Alder and a third party (adjusted on a post-consolidated basis).
For more information, refer to the Company's news release dated July 24, 2015.
Name Change and Consolidation
Pursuant to a resolution passed by shareholders July 20, 2015, the Company has consolidated its capital on a ten (10) old for one (1) new basis. The name of the Company has also been changed as follows.
Effective at the opening, Tuesday, July 28, 2015, the common shares of Rosita Mining Corporation will resume trading on TSX Venture Exchange, and the common shares of Midlands Minerals Corporation will be delisted. The Company is classified as a 'Mineral Exploration/Development' company.
Post - Consolidation
Capitalization: Unlimited shares with no par value of which
36,748,170 shares are issued and outstanding
Escrow: Nil shares
Transfer Agent: TMX Equity Transfer Services
Trading Symbol: RST (NEW)
CUSIP Number: 77815L106 (NEW)
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