Sennen Potash Corporation Consolidation Of Shares
10.03.2015 | vom Unternehmen
Vancouver, British Columbia, March 10, 2015 - Sennen Potash Corporation (“Sennen” or “the Company”) announces that, pursuant to Article 9.1(c) of the Company’s Articles, the Board of Directors have approved, by resolution, to consolidate the Company’s shares on a ten (10) to one (1) basis such that every ten (10) common shares of the Company before consolidation will be consolidated into one (1) common share. The share consolidation is subject to TSX Venture Exchange approval.Currently, the Company’s authorized share capital is an unlimited number of common shares without par value, of which 111,143,412 shares are issued and outstanding and accordingly upon completion of the consolidation, approximately 11,114,341 common shares will be issued and outstanding.
The share consolidation is being applied for in order to provide greater flexibility in the Company’s effort to secure financing.
ABOUT SENNEN
Sennen has earned a 70% interest in the Monument Potash Project (“Monument”), an exploration and development stage project comprised of over 106,000 net mineral acres of contiguous mineral leases in south-east Utah and south-west Colorado. Monument is located less than 70 miles from Intrepid Potash Corp.’s operating Cane Creek Solution Mine. Sennen has completed drilling its first core well (see news release dated January 15th, 2015) and plans to undertake the exploration work required to delineate a potash resource estimate.
On Behalf of the Board of Directors of Sennen Potash Corporation:
Ian Rozier
Chief Executive Officer and Director
Sennen Potash Corporation
Telephone: 604-685-6851
Email: info@sennenpotash.com
www.sennenpotash.com
Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.