Curlew Lake Resources Inc. (CWQ.V: Quote, CWLXF.PK) announced that it will be seeking shareholder approval at its Annual General Meeting scheduled to be held on June 22, 2012 to authorize the directors of the Company in their sole discretion to implement a consolidation of the Company's share capital on a ten old shares for one new share basis, subject to completion by May 18, 2013.
The company currently has 99.47 million shares outstanding, which, if no further shares are issued, would be reduced to 9.95 million post-consolidated common shares. There will be no name change with this consolidation.
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by RTT Staff Writer
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