Windfire plans 1:3 share rollback and appoints new Director Windfire Capital Corp. (WIF.H: TSX-V)("Windfire" or the "Company") announces that the
TSX-V: WIF.H
April 2, 2015
Windfire plans 1:3 share rollback and appoints new Director
Windfire Capital Corp. (WIF.H: TSX-V)("Windfire" or the "Company") announces that the board of directors is proposing to consolidate the company's issued and outstanding common shares on the basis of 1 new common share for every 3 old common shares outstanding or on the basis of such lesser consolidation ratio as may be approved by the board of directors and accepted by the TSX Venture Exchange. The consolidation will increase the company's flexibility and competitiveness in the market place and to make the company's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for the common shares.
The proposed 1-new-share-for-3-old-share consolidation would result in the number of issued and outstanding common shares of the company being reduced from 25,535,355 common shares without par value to 8,511,785 common shares without par value. The effective date of the share consolidation will occur immediately after exchange approval.
The Company is also pleased to announce the appointment of Mr. Christopher Hough. Mr. Hough has a 30 year financial career, which began in 1987 with Nesbitt Thomson Deacon (a processor to BMO Nesbitt) in the Bond sales. His financial career changed direction when he joined the CIBC (Corporate & Investment Banking Group) group of TD bank. His successes lead him to work in senior positions in TD’s Treasury offices globally, covering Toronto first, then New York, Hong Kong and Tokyo. Hough’s risk management experience has ranged from working with Governments, financial institutions to large multi-nationals. In 1998 Hough took his global managerial and financial acumen and became a partner in GulfStream Securities Ltd. in Bermuda. In 2002 he founded Hough Capital Management Ltd. of which he is still the CEO. The firm focused on multi-asset advisory and financial innovation in merchant banking in resource and technology. Chris holds a BA (Economics) from the University of Western Ontario, among several other industry licenses.
To find out more about Windfire Capital Corp., please contact investor relations at 604-669-2191 or email [email protected]. You may also visit the website at www.windfirecapital.com.
Windfire Capital Corp.
“Clive Massey”
President and CEO 604-669-2191
"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 release."
Except for historical information contained herein, this news release contains forward‐looking statements that involve risks and uncertainties. Actual results may differ materially. The Company will not update these forward‐looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.
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