Logan Resources Ltd. (TSX VENTURE:LGR) ("Logan") announces that it will hold a
special meeting of shareholders on May 29, 2012 (the "Meeting"), to approve a
proposed consolidation of its issued and fully paid common shares (the "Common
Shares").


Logan will be seeking shareholder approval to authorize, ratify and approve the
implementation by Logan's Board of Directors of a consolidation of all of the
Company's Common Shares on a ratio to be determined by the board of directors of
Logan but, in any event, not to exceed four (4) pre-consolidation Common Shares
for every one (1) post-consolidation Common Share (the "Consolidation"). The
Company currently has 20,072,037 Common Shares outstanding, and options to
acquire 400,000 Common Shares, issued and outstanding. After giving effect to
the proposed Consolidation there will be 5,018,009 Common Shares, and options to
acquire 100,000 Common Shares, issued and outstanding. 


The Consolidation is being proposed in order to allow Logan greater flexibility
in future corporate activities. Logan reserves the option of not proceeding with
the proposed Consolidation. 


The proposed Consolidation is subject to shareholder approval and supporting
documentation being accepted for filing by the TSX Venture Exchange. There is no
change in Logan's name proposed in conjunction with the proposed Consolidation.


About Logan 

Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing Canadian mineral properties. Logan has a
diversified portfolio of precious metal, base metal and uranium projects. For
more information on the property portfolio and Logan, please visit
www.loganresources.ca.


LOGAN RESOURCES LTD. 

On behalf of the Board 

Adrian Bray, President & CEO

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements in this document include statements
about the exploration of Logan's properties and the completion of the
Consolidation. By their nature, forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among others,
the following risks: the need for additional financing; operational risks
associated with mineral exploration; fluctuations in commodity prices; title
matters; environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of dividends;
competition; dilution; the volatility of our common share price and volume and
the additional risks identified the management discussion and analysis section
of our interim and most recent annual financial statement or other reports and
filings with the TSX Venture Exchange and applicable Canadian securities
regulations. Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and Logan undertakes
no obligation to update forward-looking statements if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.


Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Logan Resources Ltd.
Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Logan Resources Ltd.