Well it looks like the stooges are up to a few shark tricks. Rollback shares 10 to 1 and do another PP to keep the consulting fees coming in for doing nothing. I vote no F**(**( way.
Palladon Announces Annual and Special Meeting and Proposed Share Consolidation
BLOOMFIELD, COLORADO, Oct 12, 2010 (MARKETWIRE via COMTEX News Network) --
PalladonVentures Ltd. ("Palladon" or the "Company") (TSX VENTURE:PLL)(FRANKFURT: PV-1) today announced that, at its Annual and SpecialMeeting of shareholders to be held on Monday, November 8, 2010 (the"Meeting"), the Company will be seeking shareholder approval for aresolution authorizing the consolidation of its common shares on a one(1) for ten (10) basis (the "Consolidation"). It will be proposed, thatfor each ten common shares currently held by a Palladon shareholder, theshareholder will receive one common share. Completion of theConsolidation is subject to the approval of Palladon shareholders byspecial resolution at the Meeting as well as approval of the TSX VentureExchange. The Consolidation will not materially affect the percentageownership in the Company of shareholders even though such ownership willbe represented by a smaller number of Common Shares. As at the datehereof, there are an aggregate of 188,964,132 common shares issued andoutstanding. It is expected, that upon completion of the Consolidationan aggregate of approximately 18,896,413 common shares will be issuedand outstanding.
About Palladon Ventures Ltd.
PalladonVentures Ltd. holds a significant minority interest in CML MetalsCorporation, which is focused on advancing the Iron Mountain project, aniron ore mine located west of Cedar City, Utah.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Contacts: Palladon Ventures Ltd. John W. Cutler President and ChiefExecutive Officer 801.521.5252 604.681.4760 (FAX)info@palladonventures.com www.palladonventures.com
SOURCE: Palladon Ventures Ltd.
mailto:info@palladonventures.com http://www.palladonventures.com
