VANCOUVER, Feb. 9 /PRNewswire/ - Nubian Resources Ltd. (NBR:TSX.V) (the "Company) (formerly ICS Copper Systems Ltd.) announces that effective today Wednesday, February 9, 2011, the consolidated common shares of the Company commenced trading on the TSX Venture Exchange (the "Exchange"), on the basis of one (1) post-consolidated common share for every five (5) pre-consolidated common shares held (the "Consolidation"), under the new Company name "NUBIAN RESOURCES LTD."
The consolidation was approved by a special resolution of the shareholders at the Company's Annual General Meeting and Special Meeting held on January 11, 2011 (see the Company's news release dated January 13, 2011). Prior to the consolidation, the Company had 35,888,869 common shares issued and outstanding and the Company now has 7,177,772 common shares issued and outstanding post-consolidation.
The Company's trading symbol has changed from ICX to NBR. The Company's new CUSIP number is 67021Q106 and new ISIN number is CA67021Q1063.
A Letter of Transmittal with respect to the name change and share consolidation will be mailed to the registered shareholders of the Company.
Further details of the consolidation are contained in the Company's Information Circular dated November 30, 2010, which was mailed to shareholders and filed on SEDAR (www.sedar.com).
NUBIAN RESOURCES LTD. (formerly ICS Copper Systems Ltd.)
Signed "Graham Chisholm"
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.
SOURCE ICS Copper Systems Ltd.