Each outstanding 100 shares of common stock will be combined into one share of common stock with any fractional shares of 0.5 or above rounded up to the next nearest whole.
The Company's common stock will begin trading on a post-split basis on June 20, 2011, under the new ticker symbol "SSHOD" for 20 business days to indicate that the reverse split has occurred. Thereafter, the Company's symbol will revert back to its original symbol "SSHO". A new CUSIP number 840265201 has been assigned to the Company's common stock as a result of the reverse stock split.
Mr. Richard Wachter, President of South Shore Resources Inc., said, "We believe the reverse stock split will broaden the Company's appeal to attract investors, assist in the progressive path of possible future acquisitions and better align the Company's overall value."
About South Shore Resources Inc.:
South Shore Resources Inc. is a company engaged in the pursuit of ventures that may provide revenue streams to the Company and the prospect of profits.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements involve known and unknown risks, uncertainties and other facts that could cause the actual future results of the Company to be materially different from such forward-looking statements. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update or revise the information contained in any such forward-looking statements, whether as a result of new information, future events or otherwise. For the latest updates PRESS CTR + D or visit Stock Market news Today
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