OAKVILLE, Ontario, June 12, 2018 (GLOBE NEWSWIRE) -- With reference to its prior News Release dated May 31, 2018 and the Bulletin of the TSX Venture Exchange dated June 8, 2018, Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF) is pleased to announce that the Company has consolidated its Common Shares on the basis of one (1) post-consolidation Common Share for every four (4) pre-consolidation Common Shares (the “Share Consolidation”) effective June 12, 2018. Prior to the Share Consolidation, the Company had 249,120,130 Common Shares issued and outstanding. After giving effect to the Share Consolidation, the Company, subject to rounding, has approximately 62,280,032 Common Shares issued and outstanding. Letters of transmittal describing the process by which shareholders may obtain share certificates representing the consolidated Common Shares were mailed to registered shareholders on June 8, 2018.
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