The Company currently has 154,353,166 issued and outstanding common shares. On a ten (10) for one (1) basis, the Company will have approximately 15,435,316 shares outstanding following the Consolidation. The exact number of post-consolidation shares will vary depending upon the treatment of fractions which will occur when each shareholder's holdings are consolidated. In the event the Consolidation would otherwise result in the issuance of a fractional share, no fractional share will be issued and such fraction will be rounded down to the nearest whole number. Outstanding stock options and warrants will be adjusted to the Consolidation ratio.
A letter of transmittal will be sent by mail to shareholders advising them that the Consolidation and Name Change has taken effect and instructing them to surrender their share certificates representing the number of common shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate formerly representing common shares will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the Consolidation.
At the opening of trading on
Details of the Consolidation are contained in the Company's Information Circular mailed to the Company's shareholders on
On behalf of the board of directors of
Deer Horn Metals Inc.(signed) "Tyrone Docherty" Presidentand CEO
For further information please contact:
Tyrone DochertyPresident Deer Horn Metals Inc.(604) 952 7221 firstname.lastname@example.org Forward Looking Information
Certain information regarding the Company set forth in this press release, including the use of proceeds, and management's assessment of the Company's future plans and operations contain forward looking information that involve substantial known and unknown risks and uncertainties. The forward looking information is subject to numerous risks and uncertainties, some of which are beyond the Company's and management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, imperfection of reserve estimates, environmental risks, industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. The Company's actual results, performance or achievement could differ materially from those expressed in or implied by, the forward looking information and accordingly, no assurance can be given that any of the events anticipated to occur or transpire form the forward looking information will provide any benefits to the Company.
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