News Column

Deer Horn Completes Share Consolidation

May 14, 2014



Delta, British Columbia CANADA, May 14, 2014 /FSC/ - Deer Horn Metals Inc. (DHM - TSX Venture, GODYF - OTCBB_Pink),  ('The Company') announces it has completed a share consolidation (the "Consolidation") following approval of the Board of Directors of the Company and shareholder approval on November 5, 2013.  The Company obtained approval for the Consolidation from the TSX Venture Exchange on May 13, 2014 and is completing the necessary corporate filings in order to effect the Consolidation.  

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 May 14, 2014, the shares will trade with a new CUSIP number and will continue to trade under the symbol "DHM".

Details of the Consolidation are contained in the Company's Information Circular mailed to the Company's shareholders on November 5, 2013 and filed on SEDAR at www.sedar.com.

On behalf of the board of directors of Deer Horn Metals Inc. (signed) "Tyrone Docherty" President and CEO



For further information please contact:

Primary Contact Tyrone Docherty President Deer Horn Metals Inc. (604) 952 7221 tyrone.doccap@dccnet.com 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.

"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."

To view the press release as a PDF, please click on the following link: http://www.fscwire.com/sites/default/files/news_release_pdf/deerhorn05142014.pdf

Source: Deer Horn Metals Inc. (TSX-V DHM) Maximum News Dissemination by FSCwire. http://www.fscwire.com


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Source: Filing Services Canada


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