TORONTO, ONTARIO–(Marketwire – July 14, 2010) – Big Stick Media Corporation (“BSM” or the “Company”) (TSX VENTURE:BSM) announces that its shareholders resolved to proceed with an amalgamation with 2242823 Ontario Inc. As a result of the amalgamation, BSM has applied to the TSX Venture Exchange (“TSXV”) to delist its shares and, therefore, become a private company. BSM has also applied to the securities regulatory authorities in Ontario, British Columbia and Alberta such that it is deemed to have ceased to be a reporting issuer in such jurisdictions.
The subject resolution was approved at BSM’s duly constituted special meeting of its shareholders held today.
Additional details with respect to the amalgamation, delisting and privatization can be found in BSM’s press release of May 20, 2010 and various other publicly filed documents (which can be found under the Company’s profile on SEDAR).
BSM is based in Vancouver, British Columbia and currently trades on the TSXV under the trading symbol “BSM”. Additional information about BSM may be found at www.bigstickmedia.com and under the corporate profile at www.sedar.com.
As at the date hereof BSM has 23,991,717 issued and outstanding common shares.
About Big Stick Media Corporation
Additional information about BSM is available under the company’s profile at www.sedar.com.
Cautionary Statement
This press release may contain certain forward-looking statements with respect to the Company. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Big Stick Media Corporation’s expectations are various risks detailed from time to time in the filings made by Big Stick Media Corporation with securities regulations.