CALGARY, Sept. 10, 2013 /CNW/ - Galway Metals Inc. (TSX-V: GWM) ("Galway") held its Special Meeting of shareholders on September 10, 2013 (the "Meeting").
At the Meeting, 98.22% of shareholders who attended in person or by proxy approved the consolidation of Galway's issued and outstanding shares on the basis of three (3) pre-consolidation shares for one (1) post-consolidation shares. Completion of the consolidation is subject to approval from the TSX Venture Exchange, and upon approval, Galway shares will begin trading on a consolidated basis. There is no change to Galway's name or trading symbol.
Following the consolidation and subject to rounding, Galway will have 49,895,248 issued and outstanding shares with an estimated weighted average price of $0.12 per share (based on the closing price on September 9, 2013 of $0.045).
Neither the TSX-V nor its regulation services provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements:
Certain statements contained in this release containing words like "believe", "intend", "may", "will", "expect", "would", "potential" and other similar expressions, are forward-looking statements that involve a number of risks and uncertainties. Statements in this release that are forward-looking statements are subject to various risks and uncertainties. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Galway Metals does not assume the obligation to update any forward-looking statement, except as required by law.
SOURCE: Galway Metals Inc
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Galway Metals Inc.