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Planet Organic Health Corp.: Corporate Update
Marketwire - Thu Apr 11, 12:57PM CDT
Planet Organic Health Corp. (TSX VENTURE: POH.H), Mr. Ronald Francisco, President and Chief Executive Officer of Planet Organic Health Corp. (the "Corporation"), announces that pursuant to the Corporation's Annual General and Special Meeting of Shareholders held on November 27, 2012, the shareholders approved, among other things, up to a maximum of a one for ten (1:10) consolidation of the Corporation's common shares. The Corporation has submitted all applicable documents to the TSX Venture Exchange (the "TSXV") and the common shares will be posted for trading on a consolidated basis once the TSXV approves the consolidation, which is expected to occur shortly. In accordance with the share consolidation, shareholders of the Corporation will be entitled to receive one post-consolidation common share of the Corporation (new share) for every ten pre-consolidation common shares of the Corporation (old shares) currently held. The Corporation currently has 34,664,794 common shares issued and outstanding and will h