Monday, June 2, 2014

Krap-X finds rock bottom - CEV.v

Cap-Ex Iron to roll back shares 1:4, continue to B.C.

Mr. Graham Harris reports
CAP-EX TO CONSOLIDATE SHARE CAPITAL, CONTINUE TO BRITISH COLUMBIA AND SETTLE CERTAIN DEBT

Cap-Ex Iron Ore Ltd.'s board of directors has called a special meeting of shareholders for July 9, 2014, to authorize, by way of special resolution, a one-for-four consolidation of the company's share capital and the continuation of the company to British Columbia. As of the date hereof, there are 97,767,986 common shares of the company outstanding, of which 24,441,996 shares will be issued immediately following the consolidation."
Brett Matich
"In addition, Cap-Ex has agreed to a debt settlement with a non-arm's-length company controlled by certain directors and officers of the company pursuant to which Cap-Ex will issue, subject to the acceptance of the exchange, an aggregate of 10 million preconsolidated common shares (2.5 million postconsolidated shares) at a deemed price of 2.5 cents per preconsolidated share (10 cents per postconsolidated share) in settlement of outstanding indebtedness totalling $250,000 in respect of certain drilling and exploration services provided to the company in 2013."
Did we call this PoS bang on? Yes a horse of course, butt this space is always saying it ain't rocket science when it comes to career Venture chitbaggians and that is always true.