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NEX COMPANIES

VERONA DEVELOPMENT CORPORATION ("VDC.H")
BULLETIN TYPE: Consolidation
BULLETIN DATE: May 17, 2016
NEX Company

Pursuant to a directors' resolution on May 5, 2016, the Company has consolidated its capital on a (30) thirty old for (1) one new basis. The name of the Company has not been changed.

Effective at the opening Wednesday, May 18, 2016, the shares of Verona Development Corporation will commence trading on TSX Venture Exchange on a consolidated basis. The Company is classified as a 'NEX' company.

Post - Consolidation
Capitalization: unlimited shares with no par value of which
1,070,490 shares are issued and outstanding
Escrow nil shares are subject to escrow

Transfer Agent: Computershare Trust Company of Canada
Trading Symbol: VDC.H (UNCHANGED)
CUSIP Number: 924878200 (new)

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