Bankeno Mines amalgamates with Bankeno Resources

The amalgamation of Bankeno Mines with its wholly-owned subsidiary Bankeno Resources has been approved by the board of directors of each company.

The two companies are continuing as one amalgamated business corporation under the name of Bankeno Resources. This name change more accurately describes the nature of the corporation’s principal activities which are oil and gas related, the company says.

The new company’s shares will start trading on the Toronto Stock Exchange by the end of January under the symbol BKE, at which time, trading in Bankeno Mines’ shares will cease, the company says.

Shares of Bankeno Mines held immediately prior to the amalgamation will be deemed to have been exchanged for shares of Bankeno Resources. Therefore, it is not necessary for current shareholders of Bankeno Mines to exchange their shares for new Bankeno Resources shares.