Stakeholder Proposes Share Consolidation and Rights Offering
TORONTO, ON / ACCESSWIRE / November 3, 2015 / Stakeholder Gold Corp. ("Stakeholder" or the "Company") (TSXV: SRC), wishes to announce a proposed share consolidation. The share consolidation is expected to be undertaken at a ten (10) for one (1) ratio. The consolidation and also an option for a rights offering are expected to be ratified and approved by shareholders at the upcoming Annual General Meeting which is scheduled to be held on December 4th, 2015 at 11:00 am at the Company's offices located at 121 Richmond Street West, Suite 402, Toronto, Ontario, M5H 2K1. The share consolidation and rights offering will also be subject to Exchange approval.
As of the date of this release the Company has 69,038,319 common shares outstanding. Subsequent to consolidation on a ten (10) for one (1) basis, the amount of securities outstanding would be approximately 6,903,831.
Management and the Board of Stakeholder are of the belief that a share consolidation will enhance the marketability of the Company's common shares and that a proposed rights offering may be the fairest way to permit existing shareholders to participate further. The share consolidation is expected to facilitate any further financings thereby enabling Stakeholder's growth strategies to be implemented. The Company does not anticipate a name change in conjunction with the consolidation.
About Stakeholder Gold Corporation
Stakeholder Gold Corp. is a Canadian mineral exploration company headquartered in Toronto, Canada. The primary focus of Stakeholder is to explore and develop the Ballarat Gold Property which is located in the White Gold District of the Yukon.
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.
For more Stakeholder Gold Corp. information, please contact
Christopher J. Berlet, CFA
President & CEO
416 525-6869
cberlet@stakeholdergold.com
SOURCE: Stakeholder Gold Corp.