Ontario, Canada – (The Hosting News) – July 20, 2006 – Web site hosting and designing company owner and manager, Craig Walker, has been appointed to the Board of Directors of Croesus Gold Inc., as well as the Company’s management committee. Mr. Walker was formerly a stock broker, and has many years of collective experience in financing and capital investment, including raising capital for venture companies.
Mr. Walker serves as a director of several public listed companies. Controlling shareholders of Croesus Gold have finalized the transfer of interests in the Company to several purchasers, some of whom are known to the Company. Although such purchasers purchased their shares concurrently, the Company is not aware of any voting arrangement, oral nor written, amongst these purchasers, nor is it aware of any new control block. Information about the purchases will be filed on SEDAR pursuant to Section 111 of the Securities Act.
Recently, Croesus Gold announced that pursuant to a special resolution passed by shareholders, the company’s common shares would be split on a 1 old for 2 new basis. The TSX Venture Exchange gave final approval on June 20, 2006. The common shares of the company commenced trading on a split basis at the opening on June 22, 2006, with a record date of June 23, 2006. The capitalization was unlimited shares with no par value, of which 10,812,800 shares are issued and outstanding with 1,286,168 shares in escrow. The transfer agent was Equity Transfer Services Inc.
To learn more, please visit: www.beckerbiz.com.