November 19, 2015
Vancouver, B.C., January 21st 2015 – La Quinta Resources Corporation (TSX-V: LAQ / Frankfurt: LQK / OTCBB: LQRCP) (“La Quinta” or the “Company”) announces a proposed consolidation of its share capital on the basis of up to one (1) new common share of the Company for every four (4) existing common shares. The share consolidation is subject to approval of La Quinta’s shareholders at the annual general and special meeting scheduled to be held on Monday, January 4, 2016, and is subject to approval by the TSX Venture Exchange.
La Quinta currently has 10,707,166 common shares issued and outstanding. Post consolidation, there will be no less than 2,676,791 common shares issued and outstanding. Management believes that the consolidation is necessary in order to provide the Company with a share capital structure that will better attract financing and fund its operations.
Shareholders will also be asked to approve a special resolution to change the name of the Company to such name as the board of directors may, in its sole discretion, determine to be appropriate, subject to regulatory approval.
On behalf of the board,
Dustin Henderson, BBA
President, CEO and Corporate Secretary
La Quinta Resources Corp.
1 (604) 347‐9101
“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.”