VANCOUVER, March 30, 2016 /CNW/ - Intact Gold Corp. (TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"), announces that it will forward split all of the issued and outstanding shares of the Company on a basis of two (2) new common share for every one (1) existing common shares held, to be effected at the discretion of the Company's board of directors. The Company will not be changing its name, or trading symbol in conjunction with the proposed share split. The Company's issued capital will be altered by splitting all of the 18,218,461 issued common shares without par value into 36,436,922 common shares without par value, every 1 common share being split into 2 common shares. The share split is subject to acceptance by the TSX Venture Exchange.
The Company anticipates the share split will make Intact Gold's stock more accessible to investors and enhance liquidity for shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD CORP.
Per: Anthony Jackson, President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Property. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking information is subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Company may not have the funds necessary to make its payments pursuant to the Agreement, that the TSX-V may not approve the transaction, and other factors beyond the control of the Company. Except as required by law, the Company expressly disclaims any obligation, and does not intend, to update any forward-looking information in this news release.
Neither 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 Intact Gold Corporation
For further information: please contact the Company at 604-283-1722