Reverse Splits

[e-ore]

PROF - Splitting 1 for 80. From today's 8k

"Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On January 14, 2015, Patriot Minefinders Inc. (the “Company”) completed a merger with its wholly owned subsidiary, Rise Resources Inc., and formally assumed the subsidiary’s name by filing Articles of Merger with the Nevada Secretary of State (the “Name Change”). The subsidiary was incorporated entirely for the purpose of effecting the Name Change and the merger did not affect the Company’s Articles of Incorporation or corporate structure in any other way.

Item 8.01 Other Events

On January 8, 2015, the Board of Directors of the Company approved a 1 for 80 reverse split of the Company’s common stock and a corresponding decrease in its authorized capital, with an anticipated record date of January 19, 2015 (the “Reverse Split”). Shareholder approval for the Reverse Split was not required pursuant to §78.207 of the Nevada Revised Statutes. As a result of the Reverse Split and upon the filing of a Certificate of Change with the Nevada Secretary of State, the Company’s authorized capital will decrease from 1,680,000,000 shares to 21,000,000, and its issued and outstanding common stock will decrease from 63,400,000 shares to approximately 792,500, with each fractional share being rounded up to the nearest whole share.

In order for the Name Change and Reverse Split to be recognized on the OTC markets, the Financial Industry Regulatory Authority (“FINRA”) will need to process the corporate actions. The Company is in the process of submitting the required documentation to FINRA, but will continue to trade under the name Patriot Minefinders Inc. and the symbol “PROF” until such time as FINRA has declared the Name Change and Reverse Split effective. Once FINRA has processed the corporate actions, the Company plans to file a current report on Form 8-K to announce the effective date of the Name Change and Reverse Split as well as its new trading symbol, if applicable."