TORONTO, Nov. 28, 2013 /CNW/ - Richmond Minerals Inc. (TSXV: RMD)
("Richmond" or the "Company") will consolidate its common shares on the
basis of one new common share for every four common shares outstanding
effective as of December 8, 2013.
Richmond currently has 82,209,239 common shares outstanding and,
following the share consolidation on a four for one basis, will have
approximately 20,552,601 common shares outstanding. A letter of
transmittal will be sent by mail to shareholders advising that the
share consolidation has taken effect and instructing shareholders to
surrender the certificates evidencing their common shares for
replacement certificates representing the number of common shares to
which they are entitled as a result of the consolidation. Until
surrendered, each certificate 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.
The share consolidation was approved by the shareholders of Richmond at
the annual general and special meeting held on June 7, 2013. Further
details regarding the share consolidation are contained in the
Company's Information Circular dated April 4, 2013, which has been
filed under the Company's profile on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosure
in this release constitute forward-looking statements. In making the
forward-looking statements in this release, the Company has applied
certain factors and assumptions that are based on the Company's current
beliefs as well as assumptions made by and information currently
available to the Company. Although the Company considers these
assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect, and the forward-looking
statements in this release are subject to numerous risks, uncertainties
and other factors that may cause future results to differ materially
from those expressed or implied in such forward-looking statements.
Such risk factors include, among others, that the litigation will be
resolved. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
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 news
On Behalf of Richmond Minerals,
President and CEO
SOURCE: Richmond Minerals Inc.
For further information:
Franz Kozich, President or Warren Hawkins, Exploration Manager at (416) 603-2114.