Handa Copper Corporation Announces Proposed Consolidation
June 06 2014 - 8:00PM
Marketwired
Handa Copper Corporation Announces Proposed Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 6, 2014) - Handa
Copper Corporation ("Handa Copper" or the "Company")
(TSX-VENTURE:HEC) wishes to announce that, subject to required TSX
Venture Exchange and shareholder approvals, the Company intends to
proceed with a proposed consolidation of its issued common share
capital on the basis of five (5) pre-consolidation common shares
for one (1) post-consolidation share (the "Proposed
Consolidation")
Management believes that the Proposed Consolidation is in the
best interests of the Company and will allow the Company greater
possibilities with respect to future financings. The Proposed
Consolidation will be submitted to shareholders for approval at the
Company's Annual General and Special Meeting to be held on July 31,
2014. Presently, the Company has 42,345,900 common shares issued
and outstanding and if the Proposed Consolidation is approved and
affected on a five for one basis, there will be 8,469,180 common
shares issued and outstanding. In connection with the Proposed
Consolidation, the name of the Company will not change and the
Company's trading symbol will remain as "HEC".
About Handa Copper Corporation
The Company has entered into binding agreements to earn up to
100% interest (subject to 10% mandatory state participation) in the
Maboudou and the Banda-Kayes projects, each located in the Republic
of Congo.
Both areas, in total cover 8,100 square kilometres, are
underlain by Neoproterozoic Metasediments of the West Congolian
Belt, a highly prospective geological belt that traverses the
Republic of Congo and extends north into Gabon and south into the
Democratic Republic of Congo.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Handa Copper CorporationMarek KreczmerCEO(604)
601-6926marek@handacopper.com
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