Gem International Resources Inc. Announces Completion of 10:1 Share Consolidation
23 Septiembre 2019 - 4:04PM
Gem International Resources Inc. (“
Gem” or the
“
Company”) (NEX:GI.H) announces that it has
received approval from the TSX Venture Exchange for a share
consolidation (the "
Consolidation") on the basis
of ten (10) pre-Consolidation common shares (the
"
Shares") for one (1) post-Consolidation Share as
previously announced on May 18, 2018. On a post-Consolidation
basis, the Company shall have approximately 5,826,554 Shares issued
and outstanding. The Shares reflecting the Consolidation will
commence trading on the TSX Venture Exchange effective as of
September 26, 2019. The Corporation will not be changing its name
in connection with the Consolidation.
For further information, please
contact:
John W. BarrInterim Chief Executive OfficerT: +
61 0 418 912 885
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.
Caution concerning forward-looking statements:
The information in this release may contain forward-looking
information under applicable securities laws. This forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause actual results to differ
materially from those implied by the forward-looking information.
Factors that may cause actual results to vary include, but are not
limited to, inaccurate assumptions concerning the exploration for
and development of mineral deposits, political instability,
currency fluctuations, unanticipated operational or technical
difficulties, changes in laws or regulations, the risks of
obtaining necessary licenses and permits, changes in general
economic conditions or conditions in the financial markets and the
inability to raise additional financing. Readers are cautioned not
to place undue reliance on this forward-looking information. Gem
does not assume the obligation to revise or update his
forward-looking information after the date of this release or to
revise such information to reflect the occurrence of future
unanticipated events except as may be required under applicable
securities laws.
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