25th May 2006 07:03
Medoro Resources Ltd25 May 2006 For Immediate Release NEWS RELEASE Medoro Resources Ltd. Announces Share Consolidation TORONTO, Thursday, May 25, 2006 - Medoro Resources Ltd. announces that as setout in the Management Information Circular posted on or about 27 April 2006, theShare Consolidation, along with all other proposed resolutions, was approved byshareholders at the Company's Annual General and Special Meeting held on 19 May2006. The record date for the Share Consolidation for AIM purposes will be 6:00p.m. on Wednesday 24 May 2006. Following the consolidation, Medoro Resourceswill have an issued share capital of 32,771,782 common shares of no par value.Dealings in the consolidated shares are expected to commence on AIM at 8:00 a.m.on Friday 26 May 2006. Similarly as of Wednesday, May 24, 2006, the commonshares trade on a consolidated basis on the Canadian TSX Venture Exchange underthe symbol (MRS). All terms in this announcement have the same meanings as in the ManagementInformation Circular, unless the context requires otherwise. Medoro Resources is a gold exploration and development company focused onacquiring properties of merit for potential joint ventures with seniorproducers. FOR FURTHER INFORMATION Peter VolkSecretary1 (416) [email protected] THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FORTHE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marlowe