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Bordeaux Energy Inc. (TSXV: BDO) (the "Company") announces that effective as of the opening of trading on Monday November 10, 2008, the Company will complete its name change to "Enterprise Energy Resources Ltd.", commence trading under the symbol "EER" and consolidate its common share capital on the basis of one post-consolidation common share for every thirty pre-consolidation common shares held.
The name change and share consolidation were approved by shareholders at the Company's Annual and Special Meeting on Thursday, August 28, 2008. Prior to the consolidation, the Company had 151,279,112 common shares outstanding, and the Company will have approximately 5,042,637 common shares outstanding post-consolidation. The consolidation has been accepted by the TSX Venture Exchange.
Letters of transmittal with respect to the consolidation were mailed out to all registered shareholders with the Annual and Special Meeting material. All registered shareholders of the Company will be required to send their certificates representing pre-consolidation common shares with a properly executed letter of transmittal to the Company's transfer agent, Equity Transfer & Trust Company in Toronto, Ontario ("Equity Transfer") (Shareholder Services 1-416-361-0152 or toll free 1-866-393-4891 or investor@equitytransfer.com). Additional copies of the letter of transmittal can be obtained through Equity Transfer. All shareholders who duly complete letters of transmittal and submitted their pre-consolidation common share certificates to Equity Transfer will receive post-consolidation common share certificates. No certificates representing fractional post-consolidation common shares will be issued pursuant to the consolidation. All fractional shares resulting from the consolidation will be rounded down to the nearest whole number and no cash consideration will be paid in respect of fractional shares.
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