VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 21, 2014) - Kariana Resources Inc. (CNSX:KAA) ("Kariana" or the "Company") is pleased to announce that further to the Company's January 16, 2014 news release, the consolidated common shares of the Company at a ratio of one (1) post-consolidated common share for every four (4) pre-consolidation common shares held (the "Consolidation") will commence trading on the Canadian Securities Exchange on Monday, January 27, 2014 under current name "Kariana Resources Inc.", and under current stock symbol "KAA". The new CUSIP number will be 485646202 and the new ISIN number will be CA4856462029.
The Consolidation was approved by the directors of the Company on January 13, 2014.
At current date the Company has 12,025,000 common shares issued and outstanding and the Company will have approximately 3,006,250 common shares issued and outstanding following the Consolidation. Any fractional shares resulting from the Consolidation will be converted to whole shares pursuant to the provisions of Section 83 of the Business Corporations Act (British Columbia).
Letters of transmittal with respect to the Consolidation are to be mailed to all registered shareholders of the Company as at January 27, 2014. All registered shareholders will be required to send their respective certificates representing the pre-consolidation common shares along with a properly executed letter of transmittal to the Company's transfer agent, Olympia Trust Company ("Olympia"), all in accordance with the instructions provided in the letter of transmittal. All shareholders who submit a duly completed letter of transmittal, along with their respective pre-consolidation common share certificate(s) to Olympia, will receive a post-consolidated common share certificate bearing the new CUSIP/ISIN numbers of the Company.
On behalf of the board of directors of Kariana Resources Inc.
David Velisek, CEO & Director
The CNSX has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.