Empire Capital Corp. ("Empire" or the "Company") (TSXV: EPM) is pleased to announce that at the Annual and Special Meeting held on July 26, 2011 ("Meeting"), the shareholders re-appointed the directors, namely, Terry Christopher, Norman Eyolfson, Marshall Farris, Jason Monaco, and Charles William Reed, to hold office until their successors are duly elected or appointed. PricewaterhouseCoopers LLP, Chartered Accountants has been re-appointed as auditor of the Company until the next annual meeting of shareholders or until its successor is duly appointed. Shareholders also approved the Company's incentive stock option plan as required under the rules and policies of the TSX Venture Exchange ("Exchange").
Empire is also pleased to announce that it received shareholder approval at the Meeting to continue its jurisdiction of incorporation to the Canada Business Corporations Act ("Continuance") and concurrently change its corporate name from Empire Capital Corp. to Zonte Metals Inc. ("Name Change"). In connection with the Name Change, the Company applied to the Exchange to change its trading symbol to “ZON”. The Continuance and the Name Change is subject to regulatory approvals and the Company’s common shares ("Common Shares") will begin trading on the Exchange under the new name once all regulatory requirements have been met.
In addition, the shareholders of the Company also approved a share split of the Company's issued and outstanding Common Shares on the basis of up to two (2) Common Shares for every existing Common Share ("Share Split"), as the directors may determine, previously announced on June 16, 2011. The board of directors of the Company has determined to effect the Share Split on the basis of two (2) Common Shares for every existing Common Share. Outstanding options will be adjusted on the basis of the same ratio. The record date for the Share Split will be August 4, 2011. The Company anticipates that certificates representing the additional Common Shares to be issued to shareholders as of the record date will be mailed to shareholders on or about August 10, 2011. Pursuant to the rules of the Exchange, the Common Shares will begin trading on a post-split basis effective August 2, 2011, the second trading day preceding the record date. Empire currently has a total of 8,510,733 common shares issued and outstanding. Following the Share Split, the Company will have a total of 17,021,466 common shares issued and outstanding. The Share Split is subject to final approval of the Exchange.
Further details of the Continuance, the Name Change, and the Share Split are contained in the Company’s Management Information Circular dated June 21, 2011, which has been filed and is available on SEDAR under the Company’s profile.
About Empire:
Empire is a junior explorer focused on gold. Empire's goal is to find targets that have large scale gold potential, and to that end the Company is presently reviewing opportunities in Canada, USA and South America.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Empire to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, such as costs of sales, general economic conditions, the success of marketing and competition from competing suppliers and businesses. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
For further information:
For more information, visit www.empirecapitalcorp.ca, or contact:
Terry Christopher
President and Chief Executive Officer
408-1550 Bedford Highway
Bedford, NS B4A 1E6
(902) 405-3520
info@empirecapitalcorp.ca
A mineral exploration company with an attractive capital structure and solid management.
Zonte is focusing on three Canadian projects; one copper and two gold projects. Drilling on the copper and one gold project has identified two discoveries.
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