Change of Name and Consolidation of Shares
SHAMROCK ANNOUNCES NAME CHANGE AND CONSOLIDATION
Shamrock Enterprises Inc. Vancouver BC, (“Shamrock” or the “Company”), (CSE: SRS) as previously announced effective at the commencement of trading on January 8, 2020 the Company will begin trading on the Canadian Securities Exchange under its new name of “Aurwest Resources Corporation”, under the stock symbol “AWR”. In conjunction with the name change the Company will also be consolidating its shares on the basis of one (1) postconsolidation common share for every four (4) pre-consolidation common shares (the “Consolidation”). The Record date for the Consolidation is January 9, 2020.
The new CUSIP and ISIN are: 05208Y104 and CA05208Y1043, respectively.
The Company currently has 51,614,723 common shares issued and outstanding and after the Consolidation there will be approximately 12,903,681 common shares issued and outstanding. The exercise or conversion price and the number of common shares issuable under any of the Company's outstanding warrants and options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. The Company will not issue any fractional post-Consolidation common shares as a result of the Consolidation. Instead, all fractional shares will be rounded to the next whole common share. A further announcement will be made advising of the completion of the Consolidation.
Letters of transmittal with respect to the Consolidation will be mailed to all registered shareholders of the Company to use to exchange their pre-Consolidation common shares into post-Consolidation common shares. A copy of the letter of transmittal will be filed on the Company's issuer profile on SEDAR at www.sedar.com, and on its issuer profile on the CSE website. Each registered shareholder that submits a duly completed letter of transmittal along with such registered shareholder’s share certificate(s) representing pre-Consolidation common shares to the Company's transfer agent, Computershare Investor Services Inc., (the “Transfer Agent”), will receive share certificates representing the number of post-Consolidation common shares to which the registered shareholder is entitled. Until so surrendered, each share certificate representing pre-Consolidation common shares of the Company will represent the number of whole post-Consolidation Common Shares to which the holder is entitled as a result of the Consolidation. Shareholders of the Company that hold common shares through a bank, broker or other nominee should note that banks, brokers or other nominees may have different procedures for processing the Consolidation than those put in place by the Company and the Transfer Agent. Such shareholders may not be required to complete a letter of transmittal.
The Company believes that the Consolidation will be beneficial to the Company in that it is expected to, among other things, provide the Company with greater flexibility in attracting financing.
On behalf of the Board, “Bob Faris”, CEO For further information, please contact: [email protected] Bob Faris, Chief Executive Officer at [email protected] or
Phone: (604) 880-2121
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.