Standard & Poor's Announces Changes in the S&P/TSX Venture Composite and Select Indices
TORONTO, Oct. 31, 2011 /CNW/ - Standard & Poor's will make the following changes in the S&P/TSX Venture Composite and Select Indices:
Shareholders of Reservoir Capital Corp. (TSXVN:REO) approved on October 13, 2011, the Plan of Arrangement whereby the company will spin out certain Serbian mineral exploration permits to shareholders. For every share of Reservoir Capital held, shareholders will receive 0.191482444 shares of a new company named Reservoir Minerals Inc. Reservoir Minerals will trade on TSX Venture for the first time (the ex-date of the spin-off) on November 1, 2011, under the ticker symbol 'RMC'. The spun out shares of Reservoir Minerals will be added at zero price to the S&P/TSX Venture Composite and Venture Select Indices after the close of trading on Monday, October 31, 2011. Effective after the close of Tuesday, November 1, 2011, the shares of Reservoir Minerals will be removed from the same two indices.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
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