Blue Parrot Energy Inc.

Blue Parrot Energy Inc.

May 15, 2009 15:59 ET

Blue Parrot Energy Inc. Shareholder Approval of Common Share Consolidation and Name Change to Ria Resources Corp.

CALGARY, ALBERTA--(Marketwire - May 15, 2009) -


Blue Parrot Energy Inc., (TSX VENTURE:BPA) ("Blue Parrot" or the "Corporation") is pleased to announce that the shareholders have approved all of the matters proposed at its Annual and Special Meeting of Shareholders held on May 8, 2009 (the "Meeting"). The Corporation is also pleased to announce that it has received TSX Venture Exchange acceptance for its name change from "Blue Parrot Energy Inc." to "Ria Resources Corp." and for the consolidation of the Corporation's common shares on the basis of one (1) post-consolidation common share for every twenty (20) pre-consolidation common shares. The Corporation filed articles of amendment on May 15, 2009 giving effect to the name change and share consolidation. Effective at the opening of trading on May 19, 2009, the Corporation's consolidated common shares will trade on the TSX Venture Exchange under the symbol "RIA".

As of the date of the Meeting, there were 148,157,143 common shares of the Corporation issued and outstanding. Upon the consolidation being effected the Corporation has approximately 7,407,857 common shares issued and outstanding. No fractional shares will be issued as a result of the consolidation. If, as a result of the consolidation, the holder of shares would otherwise be entitled to a fraction of a share, the number of post-consolidation shares issuable to such shareholder shall be rounded up in the event the said shareholder was entitled to a fractional share equivalent to one-half or more of a post-consolidation share and shall be rounded down in the event the said shareholder was entitled to a fractional share equivalent to less than one-half of a post-consolidation share.

Letters of transmittal describing the process by which shareholders may obtain share certificates representing the consolidated common shares were mailed to registered shareholders along with the Meeting materials. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal.

Neither 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.

Contact Information

  • Blue Parrot Energy Inc.
    Paul Patton
    Chief Operating Officer
    (403) 262-8444