Oculus Ventures Corporation
TSX VENTURE : OVX.H

Oculus Ventures Corporation

February 22, 2011 16:50 ET

Oculus Receives Shareholder Approval for Proposed Corporate Changes

OTTAWA, ONTARIO--(Marketwire - Feb. 22, 2011) - Oculus Ventures Corporation (the "Company") (TSX VENTURE: OVX.H)is pleased to announce that at a special meeting of its shareholders held earlier today the Company's shareholders approved a consolidation of the Company's issued 5,000,000 class A shares on a ratio of not more than 1 new share for 4 old shares, the alteration of the names of the Company's shares, the continuance of the Company to the Province of British Columbia, an increase of the number of directors to six and the election of new directors and a transfer of class A shares from current directors to incoming directors.

The timing of implementation of such matters is to be determined by the Company's board of directors and the other parties to such transactions and further disclosure will follow when such determination has been made. These matters remain subject to regulatory approval and customary closing conditions, some of which are outside the control of the Company. Further information about the matters approved at the special meeting of shareholders can be found in the management proxy circular for such meeting available at www.SEDAR.com.

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 NEWS RELEASE.

Contact Information

  • John Gabriel
    President & CEO
    613-789-8080