CALGARY, ALBERTA–(Marketwired – Oct. 28, 2014) – Donnybrook Energy Inc. (the “Company“) (TSX VENTURE:DEI) reports that it has completed its previously announced name change and a consolidation of its common shares (“Common Shares“).
The Company’s name has been changed from “Donnybrook Energy Inc.” to “Stonehaven Exploration Ltd.” (the “Name Change“). The articles of the Company were also amended to consolidate the issued and outstanding Common Shares on the basis one (1) post-consolidation Common Share for every forty (40) pre-consolidation Common Shares (the “Consolidation“), resulting in approximately 4,885,903 Common Shares issued and outstanding. The Name Change and Consolidation were approved by shareholders of the Company at its previous annual and special meeting of shareholders held in 2013.
The Common Shares will commence trading on the TSX Venture Exchange on a consolidated basis and under the Company’s new name at the opening of trading on Wednesday, October 29, 2014 under the new symbol “SE”.
Letters of transmittal are being mailed to shareholders of the Company to be utilized to exchange their Common Shares for new Common Shares on a post-Name Change and post-Consolidation basis.
The Company holds an interest in 21 gross sections (7.6 net sections) of petroleum and natural gas rights at Bigstone and Fir, Alberta.
Forward-looking statements are based on a number of material factors, expectations or assumptions of the Company which have been used to develop such statements and information but which may prove to be incorrect. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Additional information regarding some of these risks, expectations, assumptions and other factors may be found in the Company’s Annual Information Form and Management’s Discussion and Analysis prepared for the year ended December 31, 2013. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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 NEWS RELEASE.
President and Chief Executive Officer