Copernic Shareholders Approve Consolidation of All Issued and Outstanding Shares
11 Septembre 2009 - 10:11PM
Marketwired
Copernic Inc. ("Copernic" or the "Company") (NASDAQ: CNIC) today
announced that its shareholders approved the consolidation of the
Company's issued and outstanding shares during the special
shareholders' meeting held on September 11, 2009.
Pursuant the consolidation resolution, the Company's articles of
incorporation would be amended in order to consolidate the
Company's issued and outstanding shares. The consolidation factor
chosen by the Company is seven (7). No fractional shares will be
issued and those shareholders who otherwise would be entitled to
receive fractional shares will have their post-consolidation
shareholdings rounded up to the next whole common share. The new
CUSIP number for the shares following the consolidation will be
21727W206. The consolidation will be effective as of the opening of
markets, on September 14, 2009.
The purpose of the consolidation is to allow the Company to
achieve compliance with the NASDAQ Capital Market's minimum bid
requirement for continued listing as discussed in a previous press
release dated July 21, 2009 and in the management information
circular for the special shareholders' meeting dated August 10,
2009.
Prior to the completion of the consolidation, the Company had
14,637,531 common shares outstanding, and upon completion of the
consolidation, the Company will have approximately 2,091,076 common
shares outstanding.
In order to obtain their new share certificates, each
shareholder must complete and send their letter of transmittal
along with their share certificates to the transfer agent, as
explained in detail in the management information circular and the
letter of transmittal.
About Copernic Inc.
Copernic Inc. specializes in developing, marketing and selling
cutting-edge search technology, providing innovative home and
business software products and solutions for desktop, web and
mobile users, through its online property www.copernic.com. With
its award winning Copernic Desktop Search® software search engine
product, the Company brings the power of a sophisticated, yet
easy-to-use search engine to the user's PC.
More information can be found at
www.copernic.com/en/company/.
Statements contained in this press release, which are not
historical facts, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties that can cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filings with the Securities and Exchange
Commission and the Ontario Securities Commission. The Company
expressly disclaims any intent or obligation to update any
description of the scope, focus or subject matter of the statements
in this press release.
Contacts: Copernic Inc. Marc Ferland President and Chief
Executive Officer 418-527-0528 #1013 and Toll Free: 1-877-289-4682
#1013 mferland@copernic.com www.copernic.com
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