VANCOUVER, June 9, 2017 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX-V: YMI), announces that it has received the approval of the TSX Venture Exchange (the "Exchange") to proceed with the 1 for 12 consolidation (the "Consolidation") of its common shares (the "Common Shares"). The Company was authorized to undertake a consolidation of up to 1 for 12 of the Common Shares by its shareholders at the annual general and special meeting of the Company held on May 10, 2017, subject to receipt of applicable approvals.
Accordingly, effective on June 12, 2017, the Common Shares are expected to commence trading on the Exchange on a post-Consolidation basis. Following the Consolidation, the Company will have 10,313,088 Common Shares issued and outstanding.
The Company will mail a letter of transmittal ("Letter of Transmittal") to its registered holders of Common Shares. The Letter of Transmittal describes the process by which shareholders may obtain new certificates representing their consolidated Common Shares. The Letter of Transmittal must be completed and returned to Computershare Investor Services Inc. ("Computershare") at the address specified in the Letter of Transmittal. Questions on how to complete the Letter of Transmittal, or requests for additional copies of the Letter of Transmittal, may be directed to Computershare at 1-800-564-6253 or by e-mail to email@example.com. A copy of the Letter of Transmittal may also be obtained from the SEDAR website at www.sedar.com.
Shareholders that hold their Common Shares through a broker, trust company or other intermediary do not need to complete and submit a Letter of Transmittal, as their intermediary will make arrangements on their behalf for their accounts to be updated for the relevant number of post-consolidation Common Shares that they beneficially hold.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage company with a 100% interest in the Harper Creek Project, located in the North Thompson - Nicola region of British Columbia, Canada.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. 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" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Company's Annual Information Form filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.
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 Yellowhead Mining Inc.
For further information: David McGoey, Chief Financial Officer, Phone: 403-294-6497, Email: DMcgoey@yellowheadmining.com, Website: www.yellowheadmining.com