Candorado Operating Company Ltd.

Candorado Operating Company Ltd.

July 12, 2012 08:00 ET

Candorado Proposes Share Consolidation

KELOWNA, BRITISH COLUMBIA--(Marketwire - July 12, 2012) - Candorado Operating Company Ltd. (TSX VENTURE:CDO) announces that it has called an Annual and Special Meeting of shareholders for August 2, 2012 and is seeking approval of a 5 into 1 share consolidation and a change of name to Sunrise Resources Ltd. The consolidation was previously approved at the meeting held in 2011 but was never implemented. The Board of Directors is of the view that it is now essential for this consolidation to be implemented in order to raise needed working capital and it wishes to obtain fresh approval from the shareholders. The consolidation and name change will also be subject to approval of the TSX Venture Exchange. 89,776,056 common shares are currently issued and outstanding. These would be consolidated into 17,955,211 after the proposed consolidation.

Further news will be issued as and when appropriate.

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.

Contact Information

  • Candorado Operating Company Ltd.
    Responsible Officer: Irvin Eisler
    (250) 546-6559