HALIFAX, Sept. 29, 2016 /CNW/ - Metallum Resources
Inc. (TSXV: MRV) ("Metallum" or "Company") provides the following
Annual General and Special Meeting ("AGSM"), update:
Change of AGSM Date
The previously announced AGSM, originally scheduled for
September 30, 2016, has been postponed to allow the TSX
Venture Exchange to complete its final review of the meeting
materials. The Company expects a rescheduled date to be
announced within the next few weeks, allowing for the appropriate
required shareholder notice and mailing of corporate materials.
Change of Business
Metallum is proceeding with an application to the TSX Venture
Exchange for a change of business from a Mining Issuer to an
Investment Issuer. On a going forward basis, and subject to
necessary regulatory and shareholder approvals, Metallum will focus
on strategic investments in private and public company
securities. Trading in the Company's securities will remain
halted until all necessary approvals have been obtained.
About Metallum
Metallum is incorporated under the Business Corporations Act
(Ontario) with its registered and
head office currently being relocated to Halifax, Nova Scotia. Metallum has 70,945,009
common shares outstanding and approximately $6.5 million in cash, a 12% promissory note of
$270,000, a $150,000 receivable and 1,562,500 common shares
of OneUp Canada, and no debt.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
press release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Metallum disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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.
SOURCE Metallum Resources Inc.