Cignus Ventures Inc.
OTC Bulletin Board : CGNV

September 21, 2009 15:10 ET

Cignus Ventures Inc. Announces Stock Split Expected to Be Effective on October 13, 2009

BELLINGHAM, WASHINGTON--(Marketwire - Sept. 21, 2009) - On September 14, 2009, the Board of Directors of Cignus Ventures Inc. (the "Company") (OTCBB:CGNV) approved a 2.7-for-1 stock split of the Company's common stock (the "Stock Split").

Upon completion of the Stock Split, the Company's authorized capital of common stock will be increased from 100,000,000 shares of common stock, par value $0.001 per share, to 270,000,000 shares of common stock, par value of $0.001 per share, and stockholders will own 2.7 shares of common stock for every 1 share of common stock held before the Stock Split. The Stock Split is expected to be effective on October 13, 2009.

This news release may contain, in addition to historic information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein, including, but not limited to, risks and uncertainties relating to completing the Stock Split. There is also no assurance that the Stock Split will be completed on the above terms or at all. Readers are cautioned not to place undue reliance on the forward-looking statements made in this news release.

Contact Information

  • Cignus Ventures Inc.
    David K. Ryan
    (360) 306-1133