Fortunate Sun Mining Announces Consolidation of Shares
19.08.2013 | Marketwire
VANCOUVER, Aug 19, 2013) - Fortunate Sun Mining Company Ltd. (TSX VENTURE:FSM) (Fortunate Sun or, the "Company") advises that the Board of Directors has passed a Director's Resolution in accordance with the Amended TSX-V Policy 5.8, Company Articles and Corporate Law to consolidate the shares of the company at an 8:1 ratio. This consolidation will reduce the issued and outstanding shares of the Company from 24,977,500 to 3,122,188 shares. The Company has made application to the TSX-V for approval of this Resolution. The Board of Directors feels that is imperative to consolidate the shares in order to attract new projects, management and funding.In conjunction with the consolidation the Company has applied to change its name to Sonoma Resources Inc. States Managing Director Scott Young "The Company continues to review opportunities in the mining, oil and gas and alternative energy sectors. Any new projects that the Company considers will come with new management and funding"
On behalf of the Board of Directors,
Scott Young
Managing Director
This news release may contain forward looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc. Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Fortunate Sun relies on litigation protection for forward looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Fortunate Sun Mining Company Ltd.
Scott Young, Managing Director
778-372-2891