GPM Metals Inc. Announces Share Consolidation
July 10 2019 - 7:10AM
GPM Metals Inc. (TSXV:GPM) (the “Company”) announces that it has
filed articles of amendment to consolidate the Company’s issued and
outstanding common shares on the basis of one (1) new common share
for every two (2) existing common shares (the “Consolidation”), all
effective as of July 9, 2019. Shareholder approval of the
Consolidation was obtained at the Company’s annual and special
meeting of shareholders held on June 11, 2019.
In connection with the Consolidation, the
Company has sent letters of transmittal to holders of its common
shares for use in transmitting their existing share certificates
(“Existing Certificates”) to the Company’s registrar and transfer
agent, TSX Trust Company, in exchange for new certificates (“New
Certificates”) representing the number of post-Consolidation common
shares to which such shareholder is entitled as a result of the
Consolidation. No delivery of a New Certificate to a
shareholder will be made until the shareholder has surrendered its
Existing Certificates. Until surrendered, each Existing
Certificate shall be deemed for all purposes to represent the
number of post-Consolidation common shares to which the holder is
entitled as a result of the Consolidation.
The common shares of the Company reflecting the
Consolidation will commence trading on the TSX Venture Exchange
effective as of July 12, 2019, under the existing symbol “GPM”.
About GPM Metals Inc.
GPM Metals Inc. is a zinc focused exploration
company with offices in Toronto, Brisbane and Lima. The Company’s
current holdings include the district scale Walker Gossan Project,
NT, Australia, a joint venture with Rio Tinto Exploration Pty
Limited; and a 100% claims interest in the Pasco Project,
Department of Pasco, Peru.
For further information: Peter
Mullens, CEOSuite 1101 – 141 Adelaide Street West, Toronto, Ontario
M5H 3L5 Telephone : + 416 628-5904 Email: info@gpmmetals.ca
Forward-Looking Statements
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking
statements. Undue reliance should not be placed on forward-looking
statements, which are inherently uncertain, are based on estimates
and assumptions, and are subject to known and unknown risks and
uncertainties (both general and specific) that contribute to the
possibility that the future events or circumstances contemplated by
the forward-looking statements will not occur, including the
effective date of trading of the post-Consolidation common shares.
Although the Company believes that the expectations reflected in
the forward looking statements contained in this press release, and
the assumptions on which such forward-looking statements are made,
are reasonable, there can be no assurance that such expectations
will prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document,
as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties
that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause the Company's actual performance and results in
future periods to differ materially from any estimates or
projections of future performance or results expressed or implied
by such forward-looking statements. The forward-looking statements
contained in this news release are made as of the date hereof and
the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, except as
required by applicable law. The forward-looking statements
contained herein are expressly qualified by this cautionary
statement.
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