Consolidation, Name Change and Termination of Exploration Projects
August 27, 2010
NEWS RELEASE
Consolidation, Name Change and Termination of Exploration Projects
Maestro Ventures Ltd. (TSX-V: MAP) (the “Company”) announces that an extraordinary general meeting of shareholders of the Company will be held on September 30, 2010. At that meeting, resolutions will be proposed to consolidate the Company’s share capital on a four for one basis (or on such lesser basis as may be necessary in order to meet corporate objectives and requirements of the TSX Venture Exchange), and to change the Company’s name to “Invenio Resources Corp.”. The Company proposes this consolidation in order to facilitate future financings. There are presently 28,222,280 common shares issued and outstanding in the capital of the Company and following the proposed share consolidation, there will be up to 7,055,570 common shares issued and outstanding. The change of capital and name are subject to shareholder approval and acceptance by the TSX Venture Exchange.
The Company also announces the resignation of its CFO Mark Achtemichuk. He will be replaced by the Company’s former CFO, Ronnie Doman. The Company wishes to thank Mr. Achtemichuk for his contributions, and wishes him the best in his future endeavors.
The Company also announces that it has terminated the following exploration projects in Nevada: Twin Springs; Star Point; Gold Ore; Wallace Canyon; and Big Fault.
On behalf of the Board of Directors,
“Allan Williams”
Allan Williams Director
For further information, please contact:
Stephen Tong Corporate Secretary 604-221-0312
Visit the Company’s website: www.maestroventures.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."