Swift Announces Acceptance of Consolidation of Shares Amends Corporate Articles
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NEWS RELEASE
- SWIFT ANNOUNCES ACCEPTANCE OF CONSOLIDATION OF SHARES
- AMENDS CORPORATE ARTICLES
October 21, 2013
Swift Resources Inc. (the “Company”) (TSXV: SWR) announces that its shareholders have approved the proposed ten (10) for one (1) consolidation of the Company’s common shares (“Common Shares”) (the “Consolidation”). The shareholders voted in favour of the Consolidation at the shareholder’s meeting held on October 11, 2013.
The Company will give effect to the Consolidation at 12:01 a.m., Tuesday, October 22, 2013. The Company’s post-consolidation Common Shares will be posted for trading on the TSX Venture Exchange at the opening Tuesday, October 22, 2013 under the current symbol “SWR” and new CUSIP number of 870753209.
The 28,923,039 Common Shares issued and outstanding prior to the Consolidation will be consolidated to approximately 2,892,303 Common Shares. If, as a result of the Consolidation, a shareholder would otherwise be entitled to a fraction of a post-Consolidation Common Share, the number of post- Consolidation Common Shares will be rounded to the nearest whole number. The Company’s currently outstanding stock options will be adjusted on the same basis with proportionate adjustments being made to the stock option exercise prices.
Further details of the Consolidation are contained in the Company’s Information Circular dated as of September 9, 2013 prepared for the Meeting, available on SEDAR (www.sedar.com).
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Michael Elson”
Michael Elson,
President, Chief Executive Officer
NEITHER THE TSX VENTURE EXCHANGE, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED UNDER THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
250‐830 West Pender St., Vancouver, B.C. V6C 1J8 T: 604.558.1000 F: 604.558.1200 SWR – TSXV Website: www.swiftresourcesinc.com