VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 29, 2014) - Cairo Resources Inc. (TSX VENTURE:QAI.H) (the "Company") announces that the board of directors have approved the consolidation of the Company's issued and outstanding common shares on the basis of one (1) new common share for every five (5) existing common shares (the "Consolidation").
Currently there are 3,500,000 common shares issued and outstanding and upon completion of the Consolidation there will be approximately 700,000 common shares, subject to adjustment for fractional shares.
The proposed Consolidation is subject to shareholder approval and TSX Venture Exchange acceptance.
ON BEHALF OF THE BOARD OF CAIRO RESOURCES INC.
President & Chief Executive Officer
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.