VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 23, 2014) - Bluestone Resources Inc. (TSX VENTURE:BSR) (the "Company")
The Company announces that the board of directors passed a resolution on September 18th, 2014 to proceed with a consolidation of the common shares of the Company on the basis of ten (10) pre-consolidation shares for one (1) post consolidation share (the "Consolidation"). This transaction is subject to TSX Venture Exchange approval.
Currently, a total of 17,987,098 common shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of approximately 1,798,710 common shares will be issued and outstanding. There is no maximum of authorized common shares.
Computershare Trust Company of Canada ("Computershare") will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.
About Bluestone Resources Inc.:
Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Founded in 2004, the Company has assembled a team with the business acumen and technical expertise to identify and advance undervalued mineral exploration projects world-wide.
On behalf of the Board
Bluestone Resources Inc.
John Robins, Director
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.
This press release includes "forward-looking information" including statements regarding the adoption of the Advance Notice Policy that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking information. Such forward-looking information represents management's best judgment based on information currently available. The Company does not assume the obligation to update any forward-looking information, except as required by applicable law.
Contact Information:
www.bluestoneresources.ca