NTI Newmerical Inc. Announces Share Consolidation is Effective
06 Januar 2010 - 2:05PM
Marketwired Canada
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.
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