Bedford, Nova Scotia – June 16, 2011 – Empire Capital Corp. (“Empire” or the “Company”) (TSXV: EPM) announced today that its Board of Directors have considered a proposed two-for-one share split and will recommend that shareholders approve the proposed split at the Company’s next Annual and Special Meeting of Shareholders, to be held on July 23, 2011 (the “Meeting”). In addition to shareholder approval, the stock split is subject to approval from the TSX Venture Exchange.
It is expected that the increased number of outstanding Common Shares resulting from the proposed stock split will provide a greater opportunity for investors to become shareholders of the Company as a result of increased liquidity in Empire’s listed security. If passed and accepted, the share split would result in the number of outstanding common shares of the Company doubling from approximately 8,465,933 to approximately 16,931,866.
The Company also announces its intention to change its name to Zonte Metals Inc., subject to shareholder and Exchange approval, and will seek shareholder approval for the name change at the Meeting. The change of name is anticipated to occur shortly after the Meeting, once all regulatory and shareholder approvals have been obtained.
Further details with respect to the stock split will be disclosed in the Company’s Management Information Circular which will be electronically filed with regulators and available for viewing through the Internet on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
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.
For more information, visit zonte.norex.ca, or contact:
Terry Christopher
President and Chief Executive Officer
408-1550 Bedford Highway
Bedford, NS B4A 1E6
(902) 405-3520
info@zonte.norex.ca
The TSX Venture Exchange does not accept 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.
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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