Uranium Standard Proposes Name Change & Share Consolidation
URANIUM STANDARD PROPOSES NAME CHANGE & SHARE CONSOLIDATION
Vancouver, British Columbia – November 23, 2015 – Uranium Standard Resources Ltd. (TSXV: USR; OTCQB: USTDF) (the “Company”) announces that it proposes to change its corporate name from “Uranium Standard Resources Inc.” to “Palisades Ventures Inc.” effective November 27, 2015 or such other date set by the directors. The Company’s stock symbol on the TSX Venture Exchange (“TSXV”) will also change. The Company’s new stock symbol on the TSXV will be “PSV”. The name change has been approved by the board of directors and the TSXV. The new ISIN for the Company’s listed shares will be CA 6964221049 and the new CUSIP will be 696422104.
The Company will also be proceeding with a share consolidation, on the basis of two (2) old common shares for one (1) new common share (the “Consolidation”), as was approved by the directors of the Company and the TSXV. Each fractional common share equal to or greater than 0.5 common shares will be rounded up to the nearest whole common share and each fractional common share less than 0.5 common shares will be rounded down to the nearest whole common share. Following the Consolidation, the Company will have 12,264,385 common shares issued and outstanding.
The effective date for the Consolidation will be November 27, 2015 or such other date set by the directors. The Company advises that the post-Consolidation common shares of the Company will trade under the new CUSIP and ISIN numbers noted above.
On behalf of the Board of Directors of Uranium Standard Resources Ltd.
Arni Johannson
Arni Johannson President and CEO
Uranium Standard Resources Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.