FRV Media Voluntary Delists its Shares From NEX and Announces Name Change and Share Consolidation
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 04/03/12 -- FRV Media Inc. (the "Corporation") (TSX VENTURE: FRV.H) announced today that it has voluntarily terminated the listing of its Class A Shares on NEX as of the closing of the markets on April 3, 2012 (the "Effective Date") as such de-listing was approved by the majority of its minority shareholders on January 31, 2012.
Further to such delisting as previously approved by its shareholders, the Corporation will proceed with the consolidation of the issued and outstanding Class A shares ("Class A Shares") of the Corporation on the basis of one (1) new Class A Share for each fifty (50) currently issued and outstanding Class A Shares and will change its corporate name for "Global SeaFarms Corporation".
Letters of transmittal with respect to the name change and the consolidation have been mailed out to all of the Company's registered shareholders together with the management proxy circular dated December 21, 2011 in relation to the annual and special shareholders meeting held on January 31, 2012. All registered shareholders of the Company will be required to send their certificates representing pre-consolidation Class A Shares with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. ("Computershare") at P. O. Box 7021, 31 Adelaide Street East, Toronto, Ontario, M5C 3H2, attention: Reorganization (Corporate Actions - 1-800-564-6253, Toll Free in Canada, or at ). Additional copies of the letter of transmittal can be obtained through Computershare. All shareholders who duly complete letters of transmittal and submit their pre-consolidation Class A Share certificates to Computershare will receive new share certificates representing the number of post-consolidation Class A Shares to which they are entitled to pursuant to the terms of the consolidation.
No fractional post-consolidation Class A Shares will be issued pursuant to the consolidation. Any such fractional Class A Shares will be deemed to be a subscription for the next smallest whole number of Class A Shares and no cash consideration will be paid in respect of fractional Class A shares. The exercise price and the number of Class A Shares issuable under any of the Company's outstanding warrants and options will be proportionately adjusted upon the consolidation.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
NEITHER THE 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.
Contacts:
Noah Billick
Secretary and Director
(514) 397-1085
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Datum: 03.04.2012 - 15:25 Uhr
Sprache: Deutsch
News-ID 1099821
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