Sultan Minerals

Today, I received a Notice of Annual General and Special Meeting from Sultan Minerals. The following is of interest:

“CONSOLIDATION OF COMMON SHARES

Throughout 2010, the Company has been in financial difficulty. The Company has been unable to secure additional financing to sustain operations, and the Company’s shares trade under the minimum requirement of $0.05 under the policies of the TSX Venture Exchange for any form of financing. The Company will require new financing to provide working capital to move forward. As part of the restructuring of the Company, the Directors believe it to be in the best interests of the Company to be in a position to effect the consolidation of the issued and outstanding shares, on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common share without par value.”