Verdant Financial Partners I Inc. Announces Shareholder Approval of Stock Split
Toronto, Ontario--(Newsfile Corp. - July 5, 2012) - Verdant Financial Partners I Inc. (TSXV: VFI.H) (the “Company”), a capital pool company, today announces that its shareholders have approved the stock split of its Common Shares on a 1.292558054489 for one basis at the Special Meeting of Shareholders held June 21, 2012.
Subject to regulatory approval, each shareholder will receive 0.292558054489 additional Common Shares for each Common Share he or she holds on the record date for the stock split of July 6, 2012. It is anticipated that the share certificates representing the additional Common Shares resulting from the stock split will be mailed to registered shareholders on or about July 9, 2012.
The common shares of the Company continue to be suspended, pending completion of its proposed Qualifying Transaction with Upper Canada Explorations Limited (“UCEL”), previously announced on December 14, 2011.
About Verdant Financial Partners I Inc.
Verdant Financial Partners I Inc. is the first in a planned series of CPCs focused on generating superior shareholder returns through the creation of unique CPCs. For further information, please contact:
Tom Wallace, CA, CPA, Chief Executive Officer and Chief Financial Officer
Verdant Financial Partners I Inc.
T: (416) 262-9255