Wabi Exploration Inc.

Wabi Exploration Inc.

November 28, 2014 13:10 ET

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

TORONTO, ONTARIO--(Marketwired - Nov. 28, 2014) - 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 500 shares. This transaction was approved by the shareholders of the Company at its annual and special meeting of shareholders held on November 17, 2014.

The shareholdings of less than 500 shares will be eliminated through a consolidation of the common shares on a 1 for 500 basis effective at 12:01 a.m. on Sunday, November 30, 2014, the cancellation of fractional shares, and the subsequent split of the remaining shares on a 500 for 1 basis effective at 12:01 a.m. on Monday, December 1, 2014. Shareholders who hold 500 shares or more will see no change in the number of shares held by such shareholder.

As of December 1, 2014, there will be 18,994,613 common shares of the Company issued and outstanding following the consolidation and split.

Contact Information

  • Wabi Exploration Inc.
    James Brady
    President and CEO
    (416) 361-2823