VANCOUVER,
Nov. 27, 2012 /CNW/ - Pacific
Topaz Resources Ltd. (the "Company") (TSXV: PPZ.H) announces it
will proceed with its proposed share consolidation (the
"Consolidation"), as announced in its press release dated
November 23, 2012, on the basis of
five (5) pre-Consolidation common shares for one (1)
post-Consolidation common share. The Consolidation was
approved by the Company's shareholders at its Annual General
Meeting held on October 25, 2012, and
will be effective at the open of the market on November 28, 2012 (the "Effective Date").
The Company currently has 71,205,336 common
shares issued and outstanding. As at the Effective Date the
Company will have approximately 14,241,067 common shares issued and
outstanding. The Company will not change its name as part of
the Consolidation, but will issue new share certificates under a
new CUSIP number, which is 694933201. The Company's common shares
will continue to trade on the NEX Board of the TSX Venture Exchange
under its current symbol "PPZ.H".
Registered shareholders will receive a letter of
transmittal from Computershare Investor Services Inc., the
Company's transfer agent, with information on how to replace their
old share certificates with the new share certificates. Brokerage
firms will handle the replacement of share certificates on behalf
of their shareholders accounts.
On behalf of Pacific Topaz Resources
Ltd.
"Gordon Keep"
Chief Financial Officer and Corporate Secretary
Neither the TSX Venture Exchange nor its
Regulatory 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.
This release may contain forward-looking
statements. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in 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. We do not assume any
obligation to update any forward-looking statements.
SOURCE Pacific Topaz Resources Ltd.