|Thu Jun 16, 2011|
Sultan Convenes Annual and Special General Meeting, June 29, 2011
|Vancouver, BC -- Sultan Minerals Inc. (SUL-TSX-V) ("the Company" or "Sultan") announces that the Company has convened an annual and special general meeting of shareholders to be held Wednesday, June 29, 2011 (the "Meeting"). The Meeting will be held at 1:30pm in the boardroom of DuMoulin Black LLP, 10th Floor - 595 Howe Street, Vancouver, British Columbia.|
The meeting will receive and consider the 2010 financial statements, elect directors for the ensuing year, appoint auditors for the ensuing year and consider a proposed restructuring of the company. Sultan's board of directors has recommended that approval of the shareholders be sought at the June 29, 2011 Meeting to allow the Company to seek regulatory approval for a consolidation of the issued and outstanding and unissued common shares of Sultan on the basis of up to one new consolidated common share for five existing common shares. The resolution to be presented to shareholders authorizes the directors to proceed with the consolidation if it is deemed by the Board to be in the best interest of the Company. If the Company effects the consolidation, Sultan will have approximately 26 million shares issued and warrants and options exercisable to acquire 4,164,939 and 2,731,000 post-consolidation shares, respectively.
The purpose of the proposed restructuring is to allow for more favourable pricing of the Company's securities to facilitate financing of the Company's operations by way of an equity offering of securities priced in accordance with the requirements of the TSX Venture Exchange.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information, please contact:
Tel: (604) 628-0519 • Fax: (604) 628-0446
No regulatory authority has approved or disapproved the information contained in this news release.
You can view the Next News Releases item: Thu Jun 23, 2011, Sultan Minerals Provides Shareholder Update
You can view the Previous News Releases item: Tue Mar 8, 2011, Sultan Minerals to Assess Rich Silver Mineralization on its Jersey-Emerald Tungsten-Zinc Property, BC
You can return to the main News Releases page, or press the Back button on your browser.