Erin Ventures Announces Shareholders Approval of Share Consolidation
Victoria, British Columbia (FSCwire) - Erin Ventures Inc. ("Erin" or the “Corporation”) [TSXV: EV] is pleased to announce that its shareholders approved the special resolution to authorize the amendment of Erin’s articles to consolidate the issued and outstanding common shares of the Corporation on the basis of one post-consolidation common share for up to every seven pre-consolidation common shares at today’s special meeting of shareholders.
Subject to the approval of the TSX Venture Exchange, Erin’s board of directors will use their discretion granted by the special resolution to set a record date for the consolidation which will be disclosed by news release. The board will be taking into consideration the best interests of the Corporation regarding the initiation of the consolidation. The Corporation will seek the approval of the TSX Venture Exchange for the proposed consolidation.
The details of the matters put before the special meeting and more details regarding the consolidation are set forth in the management information circular available under the Corporation’s profile on SEDAR at www.sedar.com and mailed to shareholders.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol "EV". For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.
Piskanja is Erin’s wholly owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 per cent B2O3), in addition to an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards).
| For further information, please contact: | Erin’s Public Quotations: |
| Erin Ventures Inc. | Canada |
| Blake Fallis, General Manager | TSX Venture: EV |
| Phone: 1-250- 384-1999 or 1-888-289-3746 | USA |
| www.erinventures.com | SEC 12G3-2(B) #82-4432 |
| 645 Fort Street, Suite 203 | OTCBB: ERVFF |
| Victoria BC V8W1G2 | Europe |
| Canada | Berlin Stock Exchange: EKV |
James E Wallis, M.Sc. (Eng), P. Eng., a director of Erin, is the Qualified Person who supervised the preparation of the technical data in this news release.
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.
Forward Looking Statements:
This release contains forward looking statements. The words "believe," "expect," “feel,” "plan," "anticipate," “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/ErinVentures08112017.pdf
Source: Erin Ventures Inc. (TSX Venture:EV)
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