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CGX Energy proposes share consolidation


Published May 14, 2013
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CGX Energy Inc.

CGX Energy Inc. announces the proposed consolidation of its issued and outstanding common shares on a basis of 10 pre-consolidated shares for each post-consolidation share, subject to shareholder approval and TSX Venture Exchange approval.

The proposed consolidation is to be put before shareholders at the Company's Annual and Special Meeting of shareholders to be held on June 26, 2013. The name of the Company will not be changed in conjunction with the Consolidation.

The consolidation is being proposed to reduce volatility in the stock and to make it more accessible for institutional investors.

Tags: CGX Energy Inc.



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