Mill City Announces General Meeting and Proposed Share Consolidation
07 Mayo 2013 - 4:00PM
Marketwired Canada
MILL CITY GOLD CORP. ("Mill City" and/or the "Company")(TSX
VENTURE:MC)(OTCBB:MCYGF)(FRANKFURT:NJ6) intends to hold a general meeting of its
shareholders on Tuesday, June 4, 2013, to seek shareholder approval of a
proposed consolidation of the Company's fully paid and issued common shares on a
ratio of one post consolidation common share for every seventeen
pre-consolidation common shares. The Company currently has 89,938,711 issued and
outstanding common shares and there is expected to be 5,290,512 issued and
outstanding common shares upon completion of the consolidation.
The Board believes that the consolidation is necessary due to market conditions
that have made it challenging to raise capital under the current share structure
of the Company. The Company's name and trading symbol will remain the same.
The consolidation is subject to the approval of the Company's shareholders and
the TSX Venture Exchange. Additional information about the consolidation will be
available in the Company's information circular that will be mailed to
shareholders in connection with the meeting, and which will be available on
SEDAR after May 8, 2013.
ON BEHALF OF THE BOARD OF DIRECTORS
James R. Brown, Chairman, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Mill City Gold Corp.
James R. Brown
403-640-0110
www.millcitygold.com
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