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Vena Resources Inc.

Publié le 05 octobre 2012

Consolidates Shares

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Mots clés associés :   Canada | K Street | Precious Metals |

Vena Resources Consolidates Shares

/NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE US./

TORONTO, Oct. 5, 2012 /CNW/ -  Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM, LIMA: VEM, Frankfurt: V1R, OTC-BB: VNARF, Xetra�: V1R.DE), announces that the issued and outstanding common shares of the Company ("Common Shares") have been consolidated (the "Consolidation") on a two (2) to one (1) basis effective October 1, 2012.

The Consolidation was approved by shareholders at the special meeting held on December 13, 2011 and the Company has received conditional approval from the Toronto Stock Exchange (the "TSX") to effect the Consolidation and has provided notification to the Lima Exchange, Frankfurt Exchange and Xetra.  Subject to final confirmation by the TSX, it is expected that the post-Consolidation Common Shares will begin trading on the TSX on or about October 12, 2012.

The Consolidation will reduce the number of outstanding Common Shares from 124,601,658 to approximately 62,300,829.  Proportionate adjustments will be made to the Company's outstanding warrants and stock options.  No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued have been rounded down to the nearest whole number.

Letters of transmittal with respect to the Consolidation are being mailed to the Company's registered shareholders.  All registered shareholders will be required to send their share certificates representing pre-Consolidation Common Shares, along with a properly executed letter of transmittal, to the Company's registrar and transfer agent, Equity Financial Trust Company ("Equity Financial"), in accordance with the instructions provided in the letter of transmittal.  All registered shareholders who submit to Equity Financial a completed letter of transmittal, along with their respective certificates representing the pre-Consolidation Common Shares, will receive in exchange new certificates representing their post-Consolidation Common Shares.  Shareholders who hold their Common Shares through a broker, investment dealer, bank, trust company or other nominee or intermediary should contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the Consolidation.

In other news, the Company has cancelled a spin-off transaction with Urban Select Capital Corporation to create "Granja Gold Inc." a new listed company on the TSX Venture Exchange.  Vena plans to advance its precious metals portfolio including the claims included in the Granja Gold transaction.

The TSX does not accept the responsibility for the adequacy or accuracy of this release.

Forward Looking Statements -The forward-looking statements included in this press release are based on certain key expectations and assumptions made by Vena.  Although Vena believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Vena can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in Vena's management discussion and analysis of the financial condition and results of operations for the year ended December 31, 2011 and the six month period ended June 30, 2012 as well as the Company's Annual Information Form.  The forward-looking statements contained in this press release are made as of the date hereof and Vena undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.


SOURCE: Vena Resources Inc.

Copyright � 2012 Vena Resources Inc., All rights reserved.
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Vena Resources Inc.
130 Adelaide Street West, Suite 1010
Toronto, Ontario M5H 3P5
Canada

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Vena Resources Inc.

PRODUCTEUR
CODE : VEM.V
ISIN : CA9225893044
Suivi et investissement
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Vena Res. est une société de production minière de zinc basée au Canada.

Vena Res. est productrice de zinc, de manganese au Perou, et détient divers projets d'exploration au Perou.

Son principal projet en production est AZULCOCHA au Perou et ses principaux projets en exploration sont ESQUILACHE, CARHUAZ, COMPIN, HUARANCHAL, HUARAZ, MASMA, PALLASCA, SANTIAGO DE CHUCO, HUAMACHUCO, AUCAMPAMPA PROSPECT, LAS PRINCESAS, PUCARA, MACUSANI, LAGUNILLAS, MUNANI et HUACHON au Perou.

Vena Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 115,7 millions CA$ (110,3 millions US$, 82,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 24 décembre 2004 à 0,20 CA$, et son plus haut niveau récent le 23 février 2007 à 1,91 CA$.

Vena Res. possède 86 970 000 actions en circulation.

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Financements de Vena Resources Inc.
12/05/2011Announces Board Changes and Extends Warrant Expiry Date
Rapports Financiers de Vena Resources Inc.
16/08/2011Files Second Quarter 2011 Financials and Updates Operations
Projets de Vena Resources Inc.
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19/10/2012(Compin)Options Compin Property for $1+ Million in Cash Payments and...
24/09/2012(Azulcocha)Provides Update on Azulcocha Mining Project
30/04/2012Junior Focus=3A Candelaria Silver =2D early=2Dstage Peruvian...
23/01/2012Urban Select Capital Corp. and Vena Resources Inc.
19/01/2012You are Invited! Come and Visit us at the Vancouver Resource...
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05/05/2011(Azulcocha)Fast-tracks Azulcocha Construction after Obtaining EIA Appro...
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25/02/2008(Azulcocha)2008 Technical report
Communiqués de Presse de Vena Resources Inc.
13/06/2016Vena Resources Closes $360,000 Private Placement, Files Cont...
29/01/2016TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
18/01/2016Vena Provides Update on TSX De-Listing Review
15/01/2016TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
11/01/2016IIROC Trade Resumption - VEM
11/01/2016Vena Receives Peruvian Court Decision on Azulcocha West Arbi...
08/01/2016IIROC Trading Halt - VEM
17/12/2015TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
21/10/2015TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
13/08/2015Vena Resources Provides Corporate Update
13/08/2015Vena Provides Update with Regards to the Arbitration Concern...
31/07/2015IIROC Trade Resumption - VEM
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31/07/2015IIROC Trading Halt - VEM
24/06/2015Announces Results of 2015 Annual General Meeting
26/02/2015/C O R R E C T I O N from Source -- Vena Resources Inc./
26/02/2015Vena Intersects 24.2 Metres of 131 g/t Ag and 0.4 g/t Au Inc...
26/02/2015Intersects 24.2 Metres of 131 g/t Ag and 0.4 g/t Au Includin...
09/02/2015Vena Clarifies and Retracts Certain Statements Made Related ...
07/02/2015Vena Clarifies and Retracts Certain Statements Made Related ...
16/01/2015Vena Intersects 5.65 Metres of 304 g/t Ag Including 2.0 Metr...
16/01/2015IIROC Trade Resumption - VEM; SVY; LYD
15/01/2015IIROC Trading Halt - VEM
30/12/2014TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
18/12/2014Vena Announces Positive High-Grade Results from Ongoing Dril...
18/12/2014(Esquilache)Announces Positive High-Grade Results from Ongoing Drill Pro...
29/11/2014Vena Announces Closing of Shares for Debt
26/11/2014TSX Delisting Review - Vena Resources Inc. (Symbol: VEM)
25/11/2014Vena Announces Closing of Private Placement Financing
10/11/2014Vena to Drill Major Veins at the Esquilache Polymetallic Pro...
16/01/2014Closes Sale of Uranium Assets to Azincourt Uranium
02/12/2013Improves Balance Sheet Significantly - Working Capital Incre...
22/11/2013Enters Agreement to Sell Uranium Assets to Azincourt Uranium
21/08/2013Issues Shares to Settle Debt and Provides Board Update
25/06/2013Announces Annual and Special Meeting Voting Results
26/04/2013Issues Shares to Settle Debt
12/12/2012(Esquilache)Obtains Community Permits to Advance Esquilache
08/11/2012(Azulcocha)Completes Sale of Azulcocha Mining to Trafigura
05/10/2012Consolidates Shares
03/07/2012Andr=C3=A9 Gauthier joins Vena Resources Board of Directors
15/03/2012(Azulcocha)Acquires Historical Drill Data Indicating Significant New Zi...
01/03/2012(Azulcocha)Confirms High-Grade Polymetallic Structures at Azulcocha Min...
23/02/2012You are Invited! Come and Visit us at the PDAC!
16/02/2012to Drill Promising Gold Target on its Gianderi Project, Peru
08/02/2012(Azulcocha)Partner Trafigura Invests US$7 Million to Move Azulcocha Zin...
16/01/2012Files NI 43-101 Report for Granja Gold on the Granja Nueva P...
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14/12/2011Receives Shareholder Approval to Spin-Out Candelaria Silver ...
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11/10/2011(Esquilache)Registers 60% Ownership and Files NI 43-101 Report on Esquil...
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22/02/2011Vena Resources Files Prospectus Supplement for $12 Million F...
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TSX-V (VEM.V)FRANKFURT (V1R.F)
1,33-12.50%0,108+0.00%
TSX-V
Cours préc. Ouverture
Bas haut
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  - -
Volume var. 1 mois
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Produit Manganese - Zinc
Développe
Recherche Copper - Gold - Lead - Silver - Uranium
 
 
 
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