Newton Gold Announces Effective Date for Name Change and Consolidation
04.11.2013 | FSCwire
Vancouver, November 04, 2013 - Newton Gold Corp. (NWG - TSX Venture), (the "Company" or "NWG"), announced that it is proceeding with the share consolidation, on the basis of five (5) old shares for one (1) new share (the "Consolidation"), as was approved by shareholders at the Annual and Special meeting held on September 5, 2013. As a result of the Consolidation, the 38,012,868 common shares which are currently issued and outstanding will be reduced to 7,602,573 shares. No fractional shares will be issued under the Consolidation and any fraction will be rounded down to the nearest whole number. The name of the Company will also be changed to "Chlormet Technologies Inc." concurrently with the Consolidation.The effective date and time for the Consolidation and change of name will be 12:01 am Thursday, November 7, 2013 (the "Effective Date"). The post-Consolidation common shares of Chlormet Technologies Inc. will commence trading on the TSX Venture Exchange at the opening of the market on the Effective Date under the symbol "CMT".
Share certificates representing the post-consolidation common shares of Chlormet Technologies Inc. shall be issued on the Effective Date on a "push-out" basis with a notice describing the change. Share certificates representing the Newton Gold shares shall be cancelled on the Effective Date.
On behalf of the Board of Directors of Newton Gold Corp.
"Ian Flint", PhD, P.Eng.
President
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: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.