Trading Symbol: CCY
VANCOUVER, April 29, 2014 /CNW/ - Catalyst Copper Corp. ("Catalyst" or the "Company") (TSX VENTURE:CCY) announces that it has convened an annual general and special meeting of its shareholders (the "Meeting") to be held on May 26, 2014 at Suite 3123 – 595 Burrard Street, Vancouver, BC at the hour of 10:00am (Vancouver Time).
At the Meeting, the Company will be seeking, by ordinary resolution, the approval of its shareholders to consolidate its outstanding share capital on the basis of 3 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 27,854,658 common shares issued and outstanding, and after the consolidation, the Company will have approximately 9,284,886 common shares issued and outstanding. The Company is not expected to change its name in conjunction with the consolidation.
The completion of the consolidation remains subject to shareholder and regulatory approval.
About Catalyst Copper:
Catalyst Copper Corp. is a copper and base metal company with a focus on copper mining projects in Mexico. Our current focus is the La Verde copper property, which is situated in the Sierra Madre del Sur approximately 320 kilometres west of Mexico City in Michoacán State with excellent infrastructure: roads, rail, water and power. Lazaro Cardenas, Mexico's third largest port on the Pacific Ocean is 180 km from the site. A 43-101 Technical Report dated September 30, 2012 on the La Verde property is filed on Sedar.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
David Laing – CEO, President & Director
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, risks associated with mineral exploration and mining activities, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking 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.
SOURCE: Catalyst Copper Corp.
For further information: please contact the Company: (604) 609-6110