Habnaero to Change Name
HABANERO RESOURCES INC.
Suite 1470 – 701 West Georgia Street Vancouver, BC V7Y 1C6
January 21, 2014
Trading Symbol:
HAO—TSX Venture Exchange
HABNAERO TO CHANGE NAME
Vancouver, January 21, 2014– Habanero Resources Inc. (“Habanero” or the “Company”) is planning to consolidate its share capital on the basis of ten pre-consolidation common shares for one postconsolidation common share (the “Consolidation”).
Currently, a total of 146,313,838 common shares in the capital of the Company are issued and outstanding. Accordingly, if the Consolidation is put into effect, a total of 14,631,384 common shares in the capital of the Company would be issued and outstanding following the Consolidation, assuming there are no other changes in the issued capital of the Company. There is currently an unlimited number of authorized common shares without par value, 100,000,000 Class A preferred shares with a par value of $10, and 100,000,000 Class B preferred shares with a par value of $50, all of which will remain unchanged.
The Consolidation is being proposed in order to allow the Company greater flexibility in future financings and is subject to approval of the TSX Venture Exchange. A change of the Company’s name to “Sienna Resources Inc.” is proposed, also subject to acceptance for filing by the TSX Venture Exchange.
Contact Information Tel: 1.604.646.6900 Fax: 1.604.689.1733
“Negar Adam”
Director Habanero Resources Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.