|By Marketwired .||
|December 13, 2013 06:00 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/13/13 -- Soldi Ventures Inc. (Soldi) (TSX VENTURE: SOV) announces that the TSX Venture Exchange has approved the share consolidation and name change. On November 25th 2013, the Company announced that the Board of Directors approved a consolidation of the Company's common shares on the basis of up to one (1) post-consolidated share for every ten (10) pre-consolidated shares (the "Consolidation"). In addition, the Company also proposed to change its name to Vega Mining Inc.
Commencing December 16th 2013, the Company's common shares will trade on a post-consolidation basis under the name of Vega Mining Inc. The new symbol will be VMI on the TSX Venture Exchange.
Currently, the Company has 40,201,168 issued and outstanding common shares. Post consolidation the Company will have approximately 4,020,117 common shares outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants will also be adjusted by the consolidation ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. Registered shareholders will receive a letter of transmittal from Computershare Trust Company, the Company's transfer agent, with instructions for exchanging their pre-consolidation shares.
Soldi Ventures Inc. (TSX VENTURE: SOV) is a Canadian junior exploration company focused on discovering gold and graphite deposits in politically safe jurisdictions.
On behalf of the board of SOLDI VENTURES INC.
Archie Boyce, President
"Neither the 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."
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.