Victoria, British Columbia (FSCwire) - Erin Ventures Inc. ("Erin" or the “Corporation”) [TSXV: EV] is pleased to announce that its shareholders approved the special resolution to authorize the amendment of Erin’s articles to consolidate the issued and outstanding common shares of the Corporation on the basis of one post-consolidation common share for up to every seven pre-consolidation common shares at today’s special meeting of shareholders.
Subject to the approval of the TSX Venture Exchange, Erin’s board of directors will use their discretion granted by the special resolution to set a record date for the consolidation which will be disclosed by news release. The board will be taking into consideration the best interests of the Corporation regarding the initiation of the consolidation. The Corporation will seek the approval of the TSX Venture Exchange for the proposed consolidation.
The details of the matters put before the special meeting and more details regarding the consolidation are set forth in the management information circular available under the Corporation’s profile on SEDAR at www.sedar.com and mailed to shareholders.
About Erin Ventures
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol "EV". For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.
Piskanja is Erin’s wholly owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 per cent B2O3), in addition to an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards).
