News Column

Running Fox Resource Corp. - Share Consolidation

June 24, 2014

ENP Newswire - 24 June 2014

Release date- 20062014 - Steven Schurman, CPG, Director, advises that due to the condition of the capital markets the Company will propose a share consolidation at its next meeting of shareholders to be held July 17, 2014.

The share consolidation, or share rollback, would be in a ratio of up to twelve old shares to one new share.

The number of post-consolidation shares issued and outstanding would be dependent on the specific ratio that the common shares would be consolidated.

As at June 20, 2014, a total of 54,770,548 Common Shares in the capital of the Company were issued and outstanding.

Accordingly, following the Consolidation, and assuming a full twelve to one consolidation, a total of 4,564,212 Common Shares in the capital of the Company would be issued and outstanding in the capital of the Company. If a lesser consolidation ratio is chosen then the number of post-consolidation common shares would be higher.

The Company has not determined if a name change is advisable at this time. The rational for a consolidation of its issued and outstanding common shares follows a review of the junior resource capital markets, and an assessment of the Company's growth and strategic objectives, and would provide significant benefits to the company and its shareholders.

Following a consolidation, any share payments as consideration for potential acquisitions would be enhanced, and a reduced total outstanding share count would assist the Company to remain competitive with other competing resource issuers.

A consolidation would not reduce the inherent value of the Company, and it may positively help the Company to achieve objectives.

A shareholder would still own the same percentage of the Company as prior to a share consolidation.

Completion of a consolidation is subject to shareholder approval, and possibly TSX-V approval if the consolidation ratio in any 24 month period exceeds a ten to one (10 to 1) ratio. Fractional post-consolidation common shares would not be issued, fractional shares resulting from a consolidation would be rounded up or down to the nearest whole number and no cash consideration will be paid in respect of fractional shares.


Steve Schurman CPG


Running Fox Resource Corp.

Tel: 403 775 9089

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Source: ENP Newswire

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