Nov. 14, 2017
Mr. Jeffrey Cocks reports
TRINITY VALLEY ANNOUNCES SHARE CONSOLIDATION, NAME CHANGE, AND DIRECTOR RESIGNATION
Trinity Valley Energy Corp.’s board of directors has approved a consolidation of the company’s issued and outstanding common shares on the basis of one post-consolidation common share for four pre-consolidation common shares and a change of corporate name.
Effective at the opening of trading on Nov. 15, 2017, the common shares of the company will commence trading on the TSX Venture Exchange under the new corporate name of Smooth Rock Ventures Corp. and the new trading symbol, SOCK.
On a pre-consolidation basis, the company has 73,530,320 issued and outstanding common shares and will have 18,382,584 issued and outstanding common shares post-consolidation. The company will not issue any fractional shares as a result of the consolidation. Where the exchange results in a fractional share, each fractional share remaining after conversion that is less than one-half of a share will be cancelled, and each fractional share that is at least one-half of a share will be changed to one whole share.
The new Cusip number is 83268K108, and ISIN is CA83268K1084. Letters of transmittal describing the process by which shareholders may obtain new certificates or direct registration advice representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. The letter of transmittal will be filed under the company’s profile on SEDAR.
The consolidation and the change of corporate name have been approved by the TSX-V, which issued a related bulletin on Nov. 10, 2017.
In other corporate news, the company announces the resignation of Donald Campo from its board of directors to pursue other interests. The company wishes to thank Mr. Campo for his support of the company during his tenure as a director.