No fractional Common Shares will be issued in connection with the Consolidation; in the event that a shareholder would otherwise have been entitled to receive a fractional Common Share upon Consolidation, such fractional Common Share will be rounded down to the nearest whole number Common Share for no consideration.
The Name Change and the Consolidation were approved by the Company's shareholders at the special meeting of shareholders held on
The Name Change and the Consolidation are expected to become effective on or about
The Name Change and Consolidation does not affect the rights of the Company's shareholders. Shareholders will not be required to take any action in connection with the Name Change and Consolidation. Issued certificates representing Common Shares of the Company will not need to be exchanged. The Company encourages shareholders to contact their broker with any questions regarding the proposed Name Change and Consolidation.
The Company also announces the appointment of
The Company also announces the filing of its audited annual financial statements for the year ended
About the Company
The Company is a gold exploration company focused on mineral exploration projects in
The Company also holds an option to acquire a 100% interest in the Lutila exploration licence located in central
Contact:
Tel: +359 2 989 2361.
Forward-Looking Information
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'intends', or 'believes', or variations (including negative and grammatical variations) of such words and phrases or state that certain acts, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Forward-looking information in this press release may include, without limitation, statements relating to: the completion of the name change and the Consolidation and the timing thereof, and to the potential of the
These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management's ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although each of the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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