VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 28, 2013) - Fortunate Sun Mining Company Ltd. (TSX VENTURE:FSM) (Fortunate Sun or, the "Company") announces that, effective on the opening of trading on August 29, 2013, the Company will trade under the new name of Sonoma Resources Inc. (TSX-V-SRQ, "Sonoma").
In addition, the TSX Venture Exchange has approved the Company's application to consolidate the issued and outstanding shares at the rate of one new share of Sonoma for every eight shares of Fortunate Sun Mining Company Ltd. There were 24,977,500 common shares of Fortunate Sun issued prior to the consolidation. After giving effect to the consolidation Sonoma will have 3,122,187 common shares issued and outstanding.
Letters of Transmittal will be delivered to all registered shareholders by Olympia Trust Company in order for shareholders to exchange their pre-consolidated share certificates for new certificates representing shareholdings on a consolidated basis.
Effective immediately, the Company announces the resignation of Peter Chen as the CFO and Director of the Company. The Board wishes to thank Peter for his efforts since the inception of the Company.
On behalf of the Board of Directors,
Scott Young, Managing Director
This news release may contain forward looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc. Forward looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Fortunate Sun relies on litigation protection for forward looking statements.
Neither 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.