VANCOUVER, BRITISH COLUMBIA, Oct. 5, 2009 (Marketwire) -- ACERO-MARTIN EXPLORATION INC. ("Acero-Martin" or the "Company") (TSX VENTURE:ASD)(FRANKFURT:AMX) announces that the TSX Venture Exchange has approved the Company's share consolidation which was approved by the shareholders at the Company's Annual and Special General Meeting held on August 27, 2009 (see the Company's news release dated September 18, 2009).
Effective as of the opening of trading on the TSX Venture Exchange, on Wednesday, October 7, 2009, the Company will commence trading its common shares on a consolidated basis of one (1) post-consolidated common share for every four (4) pre-consolidated common shares held (the "Consolidation") under new CUSIP number 00443T200 and new ISIN number CA00443T2002.
The Company's name will remain the same but the Company's trading symbol will change from ASD to AMG.
The Company's current issued and outstanding share capital is 109,388,510 common shares and the Company will have 27,347,128 common shares issued and outstanding post-consolidation.
A Letter of Transmittal with respect to the Consolidation is to be mailed to all registered shareholders of the Company on October 7, 2009. All registered shareholders will be required to send their respective certificates representing the pre-consolidated common shares along with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"), in Toronto, Ontario, all in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253). All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post-consolidated common share certificate.
Further details of the Consolidation are contained in the Company's information circular dated July 24, 2009, which was mailed to shareholders on July 30, 2009, and filed on SEDAR (www.sedar.com).
This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.
On behalf of the Board of Directors of Acero-Martin Exploration Inc.
Michael Scholz, Chairman and Director
ACERO-MARTIN EXPLORATION INC.
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.