Amador Gold Corp. Shareholders Approve Consolidation
October 21 2010 - 5:10PM
Marketwired
AMADOR GOLD CORP. (TSX VENTURE: AGX) (the "Company") is pleased to
announce that shareholders of the Company and the TSX Venture
Exchange (the "Exchange") have approved the consolidation of the
Company's shares on a 17:1 basis. The Company will begin trading on
a consolidated basis on Friday, October 22, 2010.
CONSOLIDATION:
At the Company's Special Meeting held on October 18, 2010,
shareholders approved a consolidation of its share capital on the
basis of one (1) new common share for every existing seventeen (17)
common shares (the "Consolidation"). Where the exchange resulted in
a fractional share, the number of common shares will be rounded to
the nearest whole common share. The Consolidation will enhance the
marketability of the common share as an investment and facilitate
additional financings to fund future operations. Shareholder and
Exchange approval of the Consolidation has been received with the
record date set as October 22, 2010. The Company will now have a
total of 15,724,462 common shares issued and outstanding.
After reviewing results from its Patent and Sewell East
properties and its 50% interest in the Forge Lake and Otter
Pond/Hawk Junction properties, the Board of Directors has
determined not to continue with its option on these properties.
About Amador Gold
Amador has assembled a portfolio of more than 20 properties of
exceptional merit in established mining camps and emerging mineral
districts of Canada. These projects include the Loveland
gold-copper-nickel project program and the Horwood gold
project.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
Contacts: Corporate Inquiries: Amador Gold Corp. Kevin Hull or
Alan Campbell Investor Relations (604) 685-2222 info@amadorgold.com
www.amadorgoldcorp.com
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