NTI Newmerical Inc. Announces Share Consolidation is Effective
06 Januar 2010 - 2:53PM
Marketwired
NTI Newmerical Inc. ("NTI" or the "Corporation") (TSX VENTURE: CFD)
announces today that effective January 5, 2010, it has consolidated
its common shares (the "Common Shares") at a ratio of one new
common share (a "New Common Share") for every 100,000 Common Shares
(the "Consolidation"). Under the Consolidation, fractions of New
Common Shares have been cancelled and NTI will pay a consideration
of $0.04 for each Common Share that forms part of such a fraction.
Any Shareholder who will receive less than one New Common Share has
therefore ceased to be a shareholder of the Corporation.
The Corporation has applied to the regulatory authorities in
British Columbia and intends to subsequently apply to those in
Alberta and Quebec to cease to be a reporting issuer in each of
those jurisdictions.
For more information on the Consolidation, please see NTI's
press releases dated November 9, 2009 and December 2, 2009, as well
as the Corporation's circular dated November 10, 2009 available at
www.sedar.com.
Contacts: Dr. Wagdi G. Habashi President and Chief Executive
Officer NTI Newmerical Inc. Wagdi.habashi@newmerical.com
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