(TORONTO, July 19, 2012) - Sea Green Capital Corp. ("Sea Green" or, the "Company") (TSX VENTURE: SGS) today announces the completion of its previously announced consolidation and change of name which were both approved at the annual and special meeting of shareholders of the Company held on January 26, 2012.
The Company has consolidated its common shares on the basis of five (5) pre-consolidation shares for every one (1) post-consolidation share and changed its name to "Cava Resources Inc.".
The Company's common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on July 23, 2012. The Company's shares will trade under the stock symbol "CVA".
In addition, the Company announces that Alex MacKay has stepped down as President of Sea Green Capital. John Hickey, an independent director, has been named interim President and CEO.
About Sea Green Capital
Sea Green (TSX-V: SGS) is a junior exploration company. The company is currently exploring for precious metals in the Casa Berardi region in Quebec.
For further information contact:
John V. Hickey
The TSXV has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The TSXV has neither approved nor disapproved the contents of this news release.
All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators.