RESOLVE VENTURES PLANS SHARE CONSOLIDATION
VANCOUVER, BRITISH COLUMBIA – August 3, 2018 – Resolve Ventures Inc. (TSX-V: RSV) (the “Company”) announces that it intends to consolidate its common shares on a one-and-a-half (1 1/2) old for one (1) new share basis. The Board of Directors of the Company have passed a resolution in respect thereof in accordance with TSX Venture Exchange Policy 5.8, the Company’s Articles and the British Columbia Business Corporations Act.
There are currently 7,220,797 common shares issued and outstanding. As a result of the consolidation, there will be approximately 4,813,864 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares will be rounded down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.
An application to the TSX Venture Exchange for acceptance of the consolidation will be made forthwith.
About the Company
Resolve is a Vancouver based publicly listed exploration company trading on the TSX Venture Exchange. The company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.
For further information on the Company, visit www.resolveventures.com or call (604) 644-6794.
ON BEHALF OF THE BOARD
Clive Massey, President
Neither TSX Venture Exchange nor their 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.
This press release contains "forward-looking information" that is based on the Company’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the Company’s exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.Back to Past News