Premium Announces Update to Share Consolidation and Change in Directors
2013年8月23日 - 3:47AM
Access Wire
Vancouver, British Columbia
- (Accesswire)
-
August 22nd ,
2013 - The
Board of Directors of Premium Exploration Inc. (TSX-V:PEM; OTCQX:PMMEF) ("Premium" or the "Company"), announces
that they have revised their proposed share consolidation to
reflect a 10:1 ratio (the "Consolidation") instead of the 20:1
ratio previously announced on August 7th, 2013.
Consolidating the
outstanding shares will provide Premium with a platform to better
access equity markets, raise capital, and move the Company and its
projects forward. The proposed Consolidation is subject to
acceptance by the TSX Venture Exchange.
Registered shareholders of the
Company will receive a letter of transmittal from the Company's
transfer agent, Computershare Trust Company of Canada, as soon as
practicable after the effective date of the Consolidation. The
letter of transmittal will enable registered shareholders to
exchange their old share certificates representing
pre-Consolidation common shares for new share certificates
representing the post-Consolidation common shares.
The Company currently
has 143,153,082 issued and outstanding common shares. Pursuant to
the Consolidation, each Ten (10) pre-Consolidation common shares
will be consolidated into one (1) post-Consolidation common share.
Accordingly, on completion of the Consolidation, the Company will
have approximately 14,315,308 common shares issued and
outstanding.
Premium's trading symbol and name
will not change as a result of the Consolidation, and will remain
"PEM" on the TSX Venture Exchange.
Premium would also
like to announce, two changes to its Board of Directors. Mr. Ken
Booth has resigned from Premium's Board. Premium's Management and
Board would like to thank Mr. Booth for his
contributions to the Company and wishes him great success in his
future endeavours. In addition, Mr. John Ryan has been appointed as
a director by the Premium Board.
About
Premium Exploration Inc.
Premium is focused on the exploration and development
of its district-sized Orogrande Shear Zone "OSZ" to fulfill its
vision of developing a new mining district in North America. The
OSZ is a 30 km-plus regionally-significant structure that
correlates with multiple known zones of mineralization. This
structural control to gold mineralization has characteristics
similar to many large gold belts, such as the Carlin Trend of
Nevada. Exploration is ongoing at the Friday-Petsite deposit; the
most advanced of several known mineralized zones located along the
OSZ. The Friday-Petsite deposit represents less than four percent
of the OSZ under Premium's control.
For additional information, please visit us at
http://www.premiumexploration.com
For
More Information Please Contact:
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|Mr. John Ryan President & Chief |Ms. Christine Kopr |
|Executive Officer Premium |Corporate Communications |
|Exploration Inc. P: (604) 682-0243 |Opes Capital Inc. P: |
|F: (604) 682-2499 M: (843) 290-8930 |(604) 682-0243 F: (604) |
|E: silver4262@yahoo.com |682-2499 E: |
|info@premiumexploration.com |ckopr@opescapitalinc.com |
| |www.opescapitalinc.com |
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This
press release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Security Exchange
Act of 1934, and involves a number of risks and uncertainties.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX Venture
Exchange and the British Columbia Securities Commission. All
statements, other than of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such
statements.
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.
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