|By Marketwired .||
|April 22, 2014 01:28 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/22/14 -- Cassius Ventures Ltd. (TSX VENTURE: CZ) (the "Company") announces that it will proceed with its proposed share consolidation (the "Consolidation"), as announced in its press release dated April 8, 2014, on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share. The Consolidation will be effective at the open of the market on April 23, 2014 (the "Effective Date").
The Company currently has 41,148,480 common shares issued and outstanding. As at the Effective Date, the Company will have approximately 4,114,848 common shares issued and outstanding. The Company will not change its name as part of the Consolidation. The Company's common shares will continue to trade on the TSX Venture Exchange under its current symbol "CZ".
Registered shareholders will receive a letter of transmittal from Computershare Trust Company of Canada, 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 the Board of Directors
John A. Thomas P. Eng, CEO and 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.
Cassius Ventures Ltd.
Ste. 3083 - 595 Burrard Street
Vancouver, BC V7X 1L3
604 558 1107
604 566 9081 (FAX)