/THIS NEWS RELEASE IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
VANCOUVER, BC, Oct. 18,
2023 /CNW/ - Leviathan Gold Ltd. ("Leviathan",
or the "Company") (TSXV: LVX) (0GP – Germany) is pleased to announce that further
to the news release dated September 8,
2023, the Company is targeting Monday, October 23, 2023 as the effective date
for the consolidation.
The Company will consolidate its common shares outstanding on a
five (5) old for one (1) new basis. On the opening of the market on
October 23, 2023, and based on
today's common shares outstanding of 99,723,831, Leviathan will
have 19,944,764 common shares outstanding post-consolidation.
Shareholders of the Company who hold common shares through a
securities broker or dealer, bank or trust company will not be
required to take any measures with respect to the share
consolidation. The Company's transfer agent, Computershare Investor
Services Inc. ("Computershare"), has mailed a letter of
transmittal to all registered shareholders, who will be required to
return their certificates representing pre-consolidated common
shares and a completed letter of transmittal to Computershare. Any
registered shareholder who submits a duly-completed letter of
transmittal to Computershare along with pre-consolidated share
certificates will receive in return a post-consolidated share
certificate or a direct registration. Additional
copies of the letter of transmittal can be obtained by contacting
Computershare at 1-800-564-6253 or by e-mail at
corporateactions@computershare.com.
The consolidation is subject to TSX Venture Exchange
("TSXV").
For more information about the Company, please refer to the
Company's profile on SEDAR+ at www.sedarplus.com.
On behalf of the Company,
Luke Norman, Chief Executive
Officer and Director
About Leviathan Gold Ltd.
Leviathan Gold Ltd. is a Canadian-based mineral exploration
company listed on the TSXV (LVX) and Germany (0GP).
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.
Cautionary Statement Regarding Forward-Looking
Information
This news release contains "forward-looking statements" that are
based on expectations, estimates, projections and interpretations
as at the date of this news release. Forward-looking statements are
frequently characterized by words such as "plan", "expect",
"project", "seek", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the expected effect of the
consolidation on investor interest. Such forward looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such risks include with respect to
geological prospects of Leviathan's mineral projects, planned
exploration activities, success of exploration activities, the
relevance of historical information, the continuation of
mineralization, the relevance of comparable projects, the timing of
exploration activities, general business and economic conditions;
that applicable approvals are obtained; that qualified workers,
financing, permits, approvals, and equipment are obtained in a
timely manner; that market conditions continue; that contractual
counterparties perform their obligations as required; and that
Leviathan is able to locate sufficient financing for favourable
ongoing operations. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not
guarantees of future performance. Leviathan cautions that all
forward looking statements are inherently uncertain and that actual
performance may be affected by many material factors, many of which
are beyond Leviathan's control. Such factors include, among other
things: risks and uncertainties relating to whether exploration
activities will result in commercially viable quantities of
mineralized materials; the possibility of changes to project
parameters as plans continue to be refined; the ability to execute
planned exploration and future drilling programs; COVID-19; the
ability to obtain qualified workers, financing, permits, approvals,
and equipment in a timely manner or at all and on reasonable terms;
changes in the commodity and securities markets; non-performance by
contractual counterparties; and general business and economic
conditions, Accordingly, actual and future events, conditions and
results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the
forward-looking information. Although Leviathan has attempted to
identify important risks and factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
and risks that cause actions, events or results not to be as
anticipated, estimated or intended. Consequently, undue reliance
should not be placed on such forward-looking statements. In
addition, all forward-looking statements in this press release are
given as of the date hereof. Leviathan disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise, save and except as may be required by applicable
securities laws. The forward-looking statements contained herein
are expressly qualified by this disclaimer.
SOURCE Leviathan Gold Ltd
