Deer Horn Metals Inc. Announces Proposed Share Consolidationadmin
Deer Horn Metals Inc. Announces Proposed Share Consolidation
Vancouver, British Columbia CANADA, October 11, 2013 /FSC/ – Deer Horn Metals Inc. (DHM – TSX Venture, GODYF – OTC_Pink),
Deer Horn Metals Inc. (the “Company”) announces that it has convened a special meeting of its shareholders to be held on November 5, 2013 at which it will seek shareholder approval to its proposed share consolidation.
The Company will be seeking, by special resolution, the approval of its shareholders to consolidate its outstanding share capital on the basis of 10 pre-consolidation shares for 1 post-consolidation share. The reasons for the consolidation are to increase the Company’s flexibility and competitiveness in the market place and to make the Company’s securities more attractive to a wider audience of potential investors.
The Company currently has 154,353,166 common shares issued and outstanding, and after the consolidation, the Company will have approximately 15,435,316 common shares issued and outstanding. The Company will not change its name in conjunction with the consolidation.
The Completion of the consolidation remains subject to shareholder and regulatory approval.
On behalf of the board of directors of
Deer Horn Metals Inc.
(signed) “Tyrone Docherty”
President and CEO
For further information please contact:
Primary ContactTyrone Docherty
Deer Horn Metals Inc.
(604) 952 7221
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 this press release as a PDF, please click on the following link:
Source: Deer Horn Metals Inc. (TSX-V DHM)
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Posted: October 11th, 2013 under FSCWIRE.