May 27, 2013
Vancouver, B.C., May 27th 2013 – La Quinta Resources Corporation (TSX-V: LAQ) announces that it has consolidated the issued and outstanding share capital of the Company such that every ten (10) existing shares were consolidated into one (1) new share. The transaction received TSX Venture Exchange cceptance on May 27, 2013.
The shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis on May 28, 2013, under the trading symbol LAQ. The Company will not be changing its name or its symbol in connection with the share consolidation. Following the consolidation, the Company will have 9,057,539 shares issued and outstanding.
Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its on-going business activities including the acquisition of mineral properties and exploration and development of its existing properties.
About La Quinta Resources Corporation
The Coppertonic property, located south of Canim Lake, British Columbia, is a copper-gold occurrence historically known as the Sleeping Giant prospect. The project covers 24 claim units covering 480 hectares. A prominent magnetic anomaly centered on the property is interpreted to reflect a larger area of covered porphyry than what outcrops. Historic drilling on the prospect has included an aggregate of twenty two drill holes as described in the Company’s August 15, 2013 news release. No resources have been identified on the Coppertonic property.
CEO and President
For further information, please contact:
Glen Watson, CEO and Director:
1 (604) 803-5229
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.” This document includes forward- looking statements. When used in this document, the words “potential”, “plan”, ”could”, “estimate”, “expect”, “intend”, “may”, “should”, and similar expressions are intended to be among the statements that identify forward-looking statements. Although La Quinta believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.”