Notice to Shareholders of Venturi Ventures Inc. (formerly, Urodynamix Technologies Ltd.)
27 August 2011 - 1:16AM
Marketwired
Further to the news release dated July 25, 2011, Venturi Ventures
Inc. (formerly, Urodynamix Technologies Ltd.) (TSX VENTURE: URO)
(the "Company") announces that the Company received TSX Venture
Exchange (the "TSX-V") acceptance and will proceed with the
consolidation of all of its issued and outstanding shares on the
basis of 20 "old" common shares for one "new" common share (the
"Consolidation") and the name change from "Urodynamix Technologies
Ltd." to "Venturi Ventures Inc." in conjunction with the
Consolidation.
At the annual and special general meeting of the shareholders of
the Company held on July 19, 2011, the shareholders passed a
special resolution authorizing the Consolidation. The purpose of
the Consolidation is to optimize the capital structure of the
Company as it pursues new business opportunities. As at August 26,
2011 there were 137,688,885 common shares issued and outstanding.
Upon completion of the Consolidation, it is expected that
approximately 6,884,444 common shares will be issued and
outstanding. Details of the Consolidation may be found in the
Company's Management Information Circular dated June 17, 2011,
which has been filed on the Canadian System for Electronic Document
Analysis and Retrieval (SEDAR) and is available for viewing under
the Company's name at www.sedar.com.
Trading on a post-consolidated basis under the new name "Venturi
Ventures Inc." will commence on the TSX-V at the opening of trading
on August 29, 2011. The CUSIP number for the Company's
post-consolidation common shares will be 92330B103 and the trading
symbol will be "VVV".
Fractional shares remaining after giving effect to the
Consolidation will be cancelled, such that shareholdings of each
shareholder will be rounded down to the nearest whole number of
post-consolidation common shares.
Forward-looking Statements:
Certain information contained in this press release may be
forward-looking and is subject to unknown risks, which could cause
actual results to differ materially from those set forth or implied
herein. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove correct.
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: Venturi Ventures Inc. Jim Heppell Chief Executive
Officer Jheppell@lionscapital.com
Urodynamix Technologies Ltd. (TSXV:URO)
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