MONTREAL, QUEBEC--(Marketwired - June 21, 2013) - Amseco Exploration Lted (Amseco) (TSX VENTURE:AEL), a company dedicated to the exploration of mineral proprerties in Quebec and Ontario, will hold its Annual and Special Meeting of Shareholders on August 30th, 2013 at its Head Office located at 620 St-Jacques, Suite 110, Montreal, Quebec.
Agenda of the meeting
- Election of the Directors
- Presentation of the Audited Financial Statements for the year ended on December 31st 2012
- Nomination of the Auditors for the current year
- Share consolidation
Audited Financial Statements
A financial report for the year ending December 31st 2012 will be presented to
Consolidation of common shares, options and warrants
Amseco will also present a proposal according to which Amseco's shares should be consolidated on the basis of one post-consolidated common share for every 10 common shares issued and outstanding immediately before consolidation. All common shares, options and warrants issued and outstanding at a specified date of consolidation will be subject to consolidation. No fraction of share will be issued as a result of the consolidation and any resulting fraction will be rounded to the newest number.
Amseco considers this consolidation necessary in order to provide greater financial accessibility. Amseco's management believes that a better corporate structure could bring new business opportunities for future development, that this new structure has become necessary for the good standing of the company and that it will enable Amseco to raise the funds it requires to finance its ongoing and future businesses or business activities.
Resignation of Lyne Plante, eng.
Furthermore, Amseco announces the resignation of Lyne Plante, Director. Amseco is very grateful to Lyne, a mechanical engineer and MBA, whose participation in the Corporation has been of great significance.
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