NEW YORK, Nov. 14, 2013 (GLOBE NEWSWIRE) -- Legacy Platinum Group Inc. (Pink Sheets:LWSP) reports that the Company has changed the structure of its common stock.
A Certificate of Change to its Articles of Incorporation was filed with the State of Nevada whereby One (1) share of common stock will be issued after the change for every Nine (9) shares of common stock outstanding prior to the change. The CUSIP Number has changed from 524704 10 3 to 524704 20 2.
This reverse stock split will not involve a change in the authorized capital of the Company. The reverse stock split has been approved by FINRA and the effective date is November 15, 2013. The Company's trading symbol will be as "LWSPD" for 20 business days and then revert back to "LWSP".
Jaclyn Cruz, President of the Company, states, "Since the Company's main focus will no longer be solely the import wine business, reducing the number of shares issued will make our capital structure more attractive to potential investors and provide greater flexibility in structuring financings and pursuing other corporate development opportunities."
Visit our site: www.legacywineandspirits.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Legacy's filings with the Securities & Exchange Commission.
CONTACT: Jaclyn Cruz, President 1-888-488-6882
Source:Legacy Platinum Group