Lions Gate Metals Inc. Announces Stock Consolidation
31.10.2013 | Marketwire
VANCOUVER, Oct 31, 2013 - Lions Gate Metals Inc. (TSX VENTURE:LGM) ("Lions Gate" or the "Company") announces that the Company is proposing to undertake a consolidation (the "Consolidation") of its share capital on the basis of up to four (4) old common shares for one (1) new common share. The proposed Consolidation was approved by the Company's shareholders at the annual meeting held on July 11, 2013, and is subject to the approval of the TSX Venture Exchange.As of the date hereof, the Company has 28,147,826 common shares issued and outstanding. After giving effect to the Consolidation, the Company would have approximately 7,036,956 common shares issued and outstanding. The Company does not propose to change the name of the Company in conjunction with the Consolidation. A detailed press release will be issued with respect to the Consolidation upon its completion.
Sincerely on behalf of the Board of Directors,
Arni Johannson, CEO & Chair
Lions Gate Metals Inc.
Neither the 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 PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS OR INFORMATION. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT INCLUDED IN THIS RELEASE, INCLUDING WITHOUT LIMITATION, STATEMENTS REGARDING 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 PLANS OR EXPECTATIONS INCLUDE AVAILABILITY OF CAPITAL AND FINANCING IN CONNECTION WITH THE COMPANY'S PROPOSED PRIVATE PLACEMENT, GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS, REGULATORY CHANGES, TIMELINES OF GOVERNMENT OR REGULATORY APPROVALS AND OTHER RISKS DETAILED HEREIN AND FROM TIME TO TIME IN THE FILINGS MADE BY THE COMPANY. ACCORDINGLY, READERS ARE ADVISED NOT TO PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS OR INFORMATION.
Contact
Lions Gate Metals Inc.
Blair McIntyre, Exec VP
(778) 837-6812