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Meldungen 14.08.2014

Carmanah: Share Consolidation Effective Date

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

VICTORIA, British Columbia - Carmanah Technologies Corporation (CMH.TO) announced that the previously announced consolidation (the “Consolidation”) of its common shares (the “Common Shares”) on the basis of (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares will be effective as of August 14, 2014 and trading of the Common Shares will commence on a consolidated basis on the TSX at the opening on such date.

The Consolidation has been approved by the Toronto Stock Exchange (the “TSX”), and a related bulletin was issued by the TSX on August 12, 2014.

The Company’s outstanding options will also be adjusted on the same basis (10:1) as the Common Shares, with proportionate adjustments being made to exercise prices.

A letter of transmittal was mailed to shareholders on August 8, 2014 advising that shareholders should surrender their existing share certificates (representing pre-Consolidation Common Shares) for replacement share certificates (representing post-Consolidation Common Shares). Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation.

Following the Consolidation, the Company will have approximately 16,977,062 Common Shares outstanding.

About Carmanah Technologies Corporation.

As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah business is operated within two distinct business segments, Signals and Power. The Signals segment includes products offered into the marine, aviation, obstruction and traffic industries. The Power segment offers Solar Engineering, Procurement and Construction services, mobile power solutions and solar outdoor lighting systems. Carmanah is actively seeking additional product sales opportunities to add to its top line revenue, as well as extending existing product lines through internal development efforts, strategic business relationships and focused acquisitions. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.

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