Jul 29, 2016
NAME CHANGE, SHARE CONSOLIDATION, IAN ROZIER APPOINTED AS DIRECTOR
Vancouver, BC, July 29, 2016. Reva Resources Corp. ("Reva" or "the Company") reports that, it will change its name from Reva Resources Corp. to Grosvenor Resource Corporation and, pursuant to Article 9.1(c) of the Company's Articles, the Board of Directors have approved, by resolution, to consolidate the Company's shares on a four (4) to one (1) basis such that every four (4) common shares of the Company will be consolidated into one (1) common share.
The Company's authorized share capital is an unlimited number of common shares without par value, of which 107,402,775 shares are currently issued and outstanding. Upon completion of the consolidation, approximately 26,850,694 common shares will be issued and outstanding. Both transactions are subject to TSX Venture Exchange approval.
The Company is also pleased to announce the appointment of Ian Rozier, B.Sc., M.Sc., P.Eng., to the Board of Directors of the Company. Mr. Rozier is a Professional Engineer with over 35 years of experience in the natural resource industry. He has been the CEO and Director of several public companies in the mining and oil/gas sectors and has completed numerous capital raisings in Canada and Europe and is well known in the Canadian mining industry and North American and European capital markets.
The Company has a 100% interest in the Mineral Hill Property located to the south of Stump Lake, 42 kilometres northwest of Merritt, in southwestern British Columbia.
For further information, please contact:
Tyler Friesen, Chief Financial Officer
+1 604 685 6851
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.
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