TORONTO, Feb. 18 /CNW/ - Leader Capital Corp. (TSX-V:LDR) ("Leader" or
the "Company") announced today that, at a special meeting of Leader's
shareholders held earlier today, the shareholders approved the consolidation
(the "Consolidation") of Leader's common shares on a 1:500,000 basis. Pursuant
to the Consolidation, the shareholders of Leader holding fewer than 500,000
common shares will receive $0.51 per share.
Leader intends to file Articles of Amendment giving effect to the
Consolidation shortly. Leader will also proceed to delist its shares from the
TSX Venture Exchange and to cease to be a reporting issuer for the purposes of
applicable Canadian securities laws in those provinces and territories where
Leader is currently a reporting issuer.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
This news release contains forward-looking statements. These statements
are based on information currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the
Company's mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated in such
statements for many reasons such as: changes in general economic conditions
and conditions in the financial markets; changes in demand and prices for
minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the
Company; and other matters discussed in this news release. This list is not
exhaustive of the factors that may affect any of the Company's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on the Company's forward-looking statements.
The Company does not undertake to update any forward-looking statement that
may be made from time to time by the Company or on its behalf, except in
accordance with applicable securities laws.
For further information:
For further information: Magaly Bianchini, President, Leader Capital
Corp. at (416) 304-1913