RDIAF » Topics » CAPITAL REORGANIZATION APPROVED BY SHAREHOLDERS
This excerpt taken from the RDIAF 6-K filed Dec 7, 2005.
APPROVED BY SHAREHOLDERS
6, 2005, Vancouver, BC - Rockwell Ventures Inc. (TSX Venture: RCW; OTCBB:
RCKVF) announces that at the Annual and Extraordinary General Meeting, held
November 28, 2005, Rockwell shareholders approved a capital reorganization
of the Company.
Shareholders approved the creation of a class of Preferred Shares and the
consolidation of Rockwell's common shares on a four old shares for one
new basis. Rockwell will also adopt a new form of Articles in accordance
with the new Business Corporations Act (British Columbia). In addition,
the Company's directors were authorized to change the Company's
name and it is likely this will occur at the time of implementation of the
share consolidation which is expected to occur in the near future. There
will be a change of trading symbol, in any event, and the TSX Venture notice
will confirm effective the date of implementation. There are currently 94,455,775
common shares of Rockwell issued and outstanding.
Shareholders also approved continuation of Rockwell's 10% Rolling Share
Option Plan which reserves for issuance up to 10% of the Company's issued
and outstanding shares as incentive stock options to employees, consultants,
officers and directors of the Company. Messrs. Rene Carrier, Scott D. Cousens,
Gordon J. Fretwell, Jeffrey R. Mason, Douglas B. Silver and Ronald W. Thiessen
were re-elected as directors of the Company at the meeting.
For further details on Rockwell, please visit the Company's website
at www.rockwellventures.com or contact Investor Services at (604) 684-6365
or within North America at 1-800-667-2114.
Ronald W. Thiessen President and CEO
No regulatory authority has approved or disapproved the information
contained in this news release.