Advance Gold Corp. ("Advance Gold") announces that, further to its news releases of February 27, 2014, and May 2, 2014, and as approved by shareholders and accepted by the TSX Venture Exchange, it will effect a consolidation of its issued securities on a five old for one new basis, subject to adjustment as a result of fractional share rounding such that each fractional share resulting from the consolidation that is less than one half of a share will be cancelled and each fractional share that is at least one half of a share will be changed to one whole share. At the open of market on Monday, December 1, 2014, the Company's common shares will commence trading on the TSX Venture Exchange on a 5:1 post-consolidated basis under the Company's current trading symbol "AAX".
There is no change of name associated with the consolidation.
The Company's transfer agent will be mailing to registered shareholders a Letter of Transmittal for shareholders to use to exchange existing share certificates for share certificates representing shares on a consolidated basis. No action is required to effect consolidation of beneficially held securities by non-registered shareholders, who hold securities of the Company through an intermediary or broker.
Details with respect to the proposed consolidation are included in the Information Circular dated March 27, 2014, which was prepared by Advance Gold's management and mailed to shareholders in connection with the special meeting held on May 1, 2014. The Information Circular is electronically filed with regulators and available for viewing under Advance Gold's issuer profile on the SEDAR website at www.sedar.com.
For additional information, please contact:
James T. Gillis,
Director Telephone: (250) 574-5011
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 news release.
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Advance Gold Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Advance Gold Corp.'s management on the date the statements are made. Except as required by law, Advance Gold Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATED SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.