GoldON Resources Limited to Restructure Share Capital
02.11.2015 | FSCwire
Victoria, British Columbia (FSCwire) - GoldON Resources Limited (the “Company”) (TSX-V: GLD) announces that its board of directors has approved a consolidation of the Company’s share capital on the basis of one new common share for every five old shares.The Company’s present issued and outstanding capital of 33,921,870 common shares will be reduced to approximately 6,784,374 common shares. The Company’s name and trading symbol will remain unchanged.
The proposed consolidation is to facilitate future equity financings and acquisitions. No fractional shares will be issued pursuant to the consolidation. Any fractional shares will be rounded to the nearest whole number of common shares.
The Consolidation is subject to regulatory acceptance.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls gold-silver property in northwestern Ontario and the Swayze gold property adjoining the multi-million ounce Côté Gold Project owned by Trelawney, a subsidiary of IAMGOLD Corporation. For more information, visit www.goldonresources.com or view the current GoldON presentation.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
GoldON Resources Ltd.
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com
Neither 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.