VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2014) - Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") announces that it intends to consolidate its outstanding share capital on the basis of 10 pre-consolidation shares for 1 post-consolidation share.
The consolidation is expected to provide the Company additional flexibility in financing its commitments going forward.
The Company currently has 41,148,480 common shares issued and outstanding, and after the consolidation, the Company will have approximately 4,114,848 common shares issued and outstanding. The Company does not expect to change its name in conjunction with the consolidation.
The completion of the consolidation remains subject to TSX Venture Exchange approval.
On behalf of the Board of Directors
John A. Thomas P. Eng CEO and President
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:
604 558 1107
604 566 9081 (FAX)