Diversified Industries Announces Completion of Share Consolidation
2012-12-10 19:02:11 -
Red Deer, Alberta CANADA, December 10, 2012 /FSC/ - Diversified Industries Ltd.("Diversified") announces that it has completed the previously announced consolidation of its common shares (the "Consolidation").
Under the Consolidation, the existing common shares of Diversified were consolidated on the basis of one post-consolidation share for every 25,000,000 pre-consolidation shares. The consideration to be paid to shareholders will be $0.00071
per each pre-consolidation share that does not form part of a new common share.
The Consolidation was approved by over 96% of the votes cast by holders of Diversified's common shares at a special meeting held on December 3, 2012.
The Consolidation was effected on December 8, 2012. Diversified intends to apply to the applicable securities regulatory authorities in Canada to cease to be a reporting issuer.
On behalf of the Board of Directors:
For investor information, please contact:
Larry Malazdrewicz, President/CEO (Interim)
Tomas Marshall, CFO
Phone: (403) 346-2149
Parkland Mall, Suite 915
4747 - 67th Street
Red Deer, AB T4N 6H3
To view this press release as a webpage, please click on the following link:
Source: Diversified Industries Ltd. (DVS.H - TSX-V) http:www.dvsind.com
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