Planet Organic Health Corp.

Planet Organic Health Corp.

April 17, 2013 15:26 ET

Planet Organic Health Corp.: Corporate Update

CALGARY, ALBERTA--(Marketwired - April 17, 2013) - Planet Organic Health Corp. (TSX VENTURE:POH.H), Mr. Ronald Francisco, President and Chief Executive Officer of Planet Organic Health Corp. (the "Corporation"), announces that common shares of the Corporation were posted for trading on a consolidated basis at the opening of trading on April 16, 2013. In accordance with the previously announced share consolidation, shareholders of the Corporation will be entitled to receive one post consolidation common share of the Corporation (new share), for every ten pre consolidation common share of the Corporation (old shares) currently held. The Corporation currently has 35,664,794 common shares issued and outstanding and will have 3,466,479 post-consolidation common shares issued and outstanding. The trading symbol will remain "POH.H".

Letters of transmittal to be used to exchange share certificates representing old shares for share certificates representing new shares, were mailed to registered shareholders on March 28, 2013.

The Corporation confirms that, other than as disclosed in this news release, there is no material change to the information set out in its news release issued on Stockwatch dated April 11, 2013, and there is no other material information concerning the affairs of the Corporation that has not generally been disclosed.

Corporate Activity

The Corporation, which is listed on the NEX board of the TSXV, currently has no operating assets or business and is currently suspended from trading, as detailed in the Corporation's news release dated July 13, 2012. The Corporation will remain on the NEX until it acquires new assets or businesses, which would result in the Corporation once again meeting the TSXV's minimum listing requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Planet Organic Health Corp.
    David D. Heighington
    (403) 237-0018
    (403) 264-5444 (FAX)