Marifil Mines Ltd Effective Date of Consolidation of Common Shares on 5 for 1 Basis
Vancouver, May 11, 2017 - Marifil Mines Ltd. (TSXV: MFM) ("Marifil" or the "Company") announce that the TSX Venture Exchange has approved a consolidation of its common shares (the "Common Shares") on a 5 for 1 basis. The consolidation was approved by resolution of the Board of Directors on May 5, 2017. The consolidation will take effect at the open of market on Friday, May 12, 2017. Assuming no other change in the issued capital of the Company, it is expected that upon completion of this consolidation, Marifil will have approximately 26,441,736 Common Shares issued and outstanding, reduced from 132,208,683 Common Shares which are currently issued and outstanding. At the open of market on Friday, May 12, 2017, the CUSIP number of the Company will change to 56781Y201, however the Company's name and trading symbol will remain the same.
No fractional Common Shares will be issued, and no cash will be paid in lieu of fractional, post-consolidation Common Shares. The number of post-consolidation Common Shares to be received by a shareholder will be rounded down to the nearest whole Common Share (less than one-half of a share will be cancelled and more than one-half of a share will be changed to one whole share).
Head Office:
John Hite,
President
Phone: 702.449.1704
Email: info@marifilmines.com
Website: www.marifilmines.com
Investor Relations:
Hugh Oswald
Phone: 604.838.2855
Email: hoswald@marifilmines.com
For further information regarding Marifil Mines Ltd., please refer to the Company's filings available on SEDAR (http://www.sedar.com) or at Marifil's Website (http://www.marifilmines.com).
General Disclaimer
Marifil Mines Ltd. "Marifil" has taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Marifil assumes no responsibility. Marifil does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Marifil be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements: This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
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.
WE SEEK SAFE HARBOUR.