La Quinta Resources Completes Share Consolidation
LA QUINTA RESOURCES CORPORATION 1710 – 1177 W. Hasting Street, Vancouver, BC V6E 2L5
No.13-‐02 LAQ: TSX-‐V NEWS RELEASE SEC 12G file#82-‐35061
LA QUINTA RESOURCES COMPLETES SHARE CONSOLIDATION
May 27, 2013 – La Quinta Resources Corporation (TSX-V: LAQ) announces that it has consolidated the issued and outstanding share capital of the Company such that every ten (10) existing shares were consolidated into one (1) new share. The transaction received TSX Venture Exchange acceptance on May 27, 2013.
The shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis on May 28, 2013, under the trading symbol LAQ. The Company will not be changing its name or its symbol in connection with the share consolidation. Following the consolidation, the Company will have 9,057,539 shares issued and outstanding.
Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its on-going business activities including the acquisition of mineral properties and exploration and development of its existing properties.
About La Quinta Resources Corporation
The Carruthers Pass property, located in British Columbia, is a massive sulfide project with copper, gold and silver located 70km south of Kemess copper-‐gold mine. The project consists of 8 claims covering 3,250 hectares. No resources have been identified on the Carruthers Pass property. Diamond drilling on the property totaling 2,190 m has been completed to date, intersecting mineralized sulfide horizons, as described in the Company’s news releases in 2011 and 2012 and in the Technical Report about the property completed by the Company in 2012 in compliance with NI43-‐101.
On behalf of the board, “Glen Watson”
CEO and President
For further information, please contact:
Glen Watson, CEO and Director: 1(604) 803-‐5229
La Quinta Resources Corp.
1(604) 803-‐5229 -‐ Email: [email protected] -‐ Web Site: www.laquintaresources.com
“Neither 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 release.” This document includes forward- looking statements. When used in this document, the words “potential”, “plan”, ”could”, “estimate”, “expect”, “intend”, “may”, “should”, and similar expressions are intended to be among the statements that identify forward-looking statements. Although La Quinta believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.”