Notice to Shareholders of Venturi Ventures Inc. (formerly, Urodynamix Technologies Ltd.)
27 Août 2011 - 1:16AM
Marketwired Canada
Further to the news release dated July 25, 2011, Venturi Ventures Inc.
(formerly, Urodynamix Technologies Ltd.) (TSX VENTURE:URO) (the "Company")
announces that the Company received TSX Venture Exchange (the "TSX-V")
acceptance and will proceed with the consolidation of all of its issued and
outstanding shares on the basis of 20 "old" common shares for one "new" common
share (the "Consolidation") and the name change from "Urodynamix Technologies
Ltd." to "Venturi Ventures Inc." in conjunction with the Consolidation.
At the annual and special general meeting of the shareholders of the Company
held on July 19, 2011, the shareholders passed a special resolution authorizing
the Consolidation. The purpose of the Consolidation is to optimize the capital
structure of the Company as it pursues new business opportunities. As at August
26, 2011 there were 137,688,885 common shares issued and outstanding. Upon
completion of the Consolidation, it is expected that approximately 6,884,444
common shares will be issued and outstanding. Details of the Consolidation may
be found in the Company's Management Information Circular dated June 17, 2011,
which has been filed on the Canadian System for Electronic Document Analysis and
Retrieval (SEDAR) and is available for viewing under the Company's name at
www.sedar.com.
Trading on a post-consolidated basis under the new name "Venturi Ventures Inc."
will commence on the TSX-V at the opening of trading on August 29, 2011. The
CUSIP number for the Company's post-consolidation common shares will be
92330B103 and the trading symbol will be "VVV".
Fractional shares remaining after giving effect to the Consolidation will be
cancelled, such that shareholdings of each shareholder will be rounded down to
the nearest whole number of post-consolidation common shares.
Forward-looking Statements:
Certain information contained in this press release may be forward-looking and
is subject to unknown risks, which could cause actual results to differ
materially from those set forth or implied herein. Although the Company believes
that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove correct.
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