Business News • MarketWire • Denovo Shareholders Elect New Director and Approve Name Change and Share Consolidation |
Denovo Shareholders Elect New Director and Approve Name Change and Share Consolidation |
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Denovo Shareholders Elect New Director and Approve Name Change and Share Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2011) - Denovo Capital Corp. ("Denovo" or the "Corporation") is pleased to announce that at a special meeting of shareholders of the Corporation held June 30, 2011 (the "Special Meeting"), the Corporation's shareholders approved a 0.65 (new) for 1.0 (old) share consolidation (the "Consolidation") and a change of name of the Corporation to Horn Petroleum Corporation, or such other name as the directors of the Corporation determine is appropriate (the "Name Change"). Both the Consolidation and the Name Change will be effected concurrently with the completion of the proposed acquisition (the "Acquisition") of all of the issued and outstanding shares of Canmex Holdings (Bermuda) I Ltd. ("Canmex I"). Canmex I is a wholly-owned subsidiary of Africa Oil Corp. ("Africa Oil") and is the indirect holder of Africa Oil's participating interests in the Dharoor Valley and Nugaal Valley Production Sharing Agreements (the "Puntland PSAs") in Puntland, Somalia. Also at the Special Meeting, the Corporation's shareholders approved an increase in the number of directors of the Corporation from three to four, re-elected Messrs. A. Murray Sinclair, Michael Winn and Michael Atkinson as returning directors, and elected Keith Hill as a new director of the Corporation. Mr. Hill is currently the President and Chief Executive Officer of Africa Oil.
View More : http://www.marketwire.com/mw/release.do?id=1536153&sourceType=3
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