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Sunday, December 18, 2016
DualEx Energy International saw its shareholders vote in favor of changing the name of the company to Return Energy Inc. They also voted to consolidate common shares of the company on the basis of one new Return common share for each 10 DualEx common share.
No fractional common shares will be issued as a result of the consolidation. Instead, all fractional shares equal to or greater to one-half resulting from the Consolidation will be rounded to the next whole number. A new CUSIP number of 76133H102 replaces the old CUSIP number of 26357W, to distinguish between the pre- and post- consolidated common shares.
The board of directors believe that the consolidation should enhance the marketability of the common shares as an investment and should facilitate additional financings to fund operations in the future.
DualEx anticipates that the consolidation and name change will be effected on or about December 20. Commencing on the same date common shares of the company will trade on the TSXV under the symbol ‘RTN’.
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