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| | Mon Sep 28, 2009
Brazilian Diamonds Limited Confirms Share Consolidation
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| | Vancouver, Canada - September 28, 2009 - (TSXV: BDY) (the "Company") announces that it has completed the consolidation of its common shares on the basis of one (1) "new" common share for ten (10) "old" common shares as approved by shareholders at the Company's Annual and Special Meeting held on August 31, 2009. Effective September 30, 2009, the common shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the new stock symbol "BZD".
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest whole number.
Following consolidation and subject to rounding, the Company will have issued and outstanding 19,437,072 common shares. All outstanding options of the Company will be adjusted accordingly to reflect the share consolidation.
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.
Enquiries:
Kenneth P. Judge, Chairman
Tel: + 44 7733 001 002
Stephen Fabian, President & CEO
Tel: + 55 31 9186 4660
Jon Bey, Investor Relations
Tel: 1 866 689 2599
Email: jbey@braziliandiamonds.com |
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