Donner Metals Announces Completion of Share Consolidation
MONTREAL, QUEBEC--(Marketwired - Dec 30, 2013) - Donner Metals Ltd. ("Donner" or "Company") (TSX VENTURE:DON)(FRANKFURT:D4M) reports that the consolidation of its share capital on the basis of one (1) post-consolidation common share for every sixty (60) pre-consolidation common shares will be effective as of today, December 30, 2013. Therefore, the post-consolidation common shares will commence trading on the TSX Venture Exchange under the trading symbol "DON" on such date.
Donner currently has 316,198,973 common shares issued and outstanding and, following the consolidation, will have approximately 5,269,982 common shares issued and outstanding. The change in the number of issued and outstanding common shares that will result from the consolidation will not materially affect any shareholder's percentage ownership in Donner, although such ownership would be represented by a smaller number of common shares.
A letter of transmittal will be sent by mail to the shareholders of the Company advising that the consolidation has taken effect and instructing shareholders to surrender the certificates evidencing their common shares for replacement certificates representing the number of common shares to which they are entitled as a result thereof. Until surrendered, each certificate will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.
The consolidation was approved by the shareholders of the Company at the annual general and special meeting held on December 10, 2013. Further details regarding the consolidation are contained in the Company's management information circular dated November 12, 2013, which has been filed under the Company's profile on SEDAR at www.sedar.com.
About Donner Metals
Donner is an exploration company focused on the development of mineral exploration projects in Quebec.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
Normand Champigny, President and Chief Executive Officer