Wabi Exploration Inc.

May 25, 2011 17:15 ET

Wabi Exploration Inc. Announces Amendment to Articles to Eliminate Small Shareholdings

TORONTO, ONTARIO--(Marketwire - May 25, 2011) - Wabi Exploration Inc. (the "Company") announces that it will effectuate a consolidation and stock split of its issued share capital, the implementation of which will result in the elimination of all shareholdings of less than 100 shares. This transaction was approved by the shareholders of the Company at its annual and special meeting of shareholders held on May 18, 2011.

The shareholdings of less than 100 shares will be eliminated through a consolidation of the common shares on a 1 for 100 basis effective at 12:01 a.m. on Tuesday, May 31, 2011, the cancellation of fractional shares, and the subsequent split of the remaining shares on a 100 for 1 basis effective at 12:01 a.m. on Wednesday, June 1, 2011. Shareholders who hold 100 shares or more will see no change in the number of shares held by such shareholder.

Contact Information

  • Wabi Exploration Inc.
    Galen McNamara
    President and CEO
    (705) 562-8688