|April 04, 2019|
The Company Announces Consolidation of Shares Concurrent with Name Change
|April 4, 2019 - The Company reports that management has determined it is appropriate to combine a consolidation of the Company's capital in conjunction with the proposed name change (previously announced on February 26, 2019) in order to enhance the Company's ability to attract investment capital. Accordingly, subject to regulatory approval, the Company intends to consolidate its capital on a five old shares for one new share basis The principal effects of the consolidation will be that the number of shares of the Company issued and outstanding will be reduced from 66,802,282 existing shares as of the date hereof to approximately 13,560,456 new shares, based on a consolidation ratio of one new for five old. No fractional shares will be issued.|
Further information respecting the name change and consolidation will be provided once regulatory approval is obtained.
For more information please visit www.sedar.com or contact:
John Cook, CEO
Rosita Mining Corporation
Telephone: (416) 200-8073
Neither the TSX Venture Exchange nor it 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.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the TSX Venture Exchange; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Company cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
You can return to the main News Releases page, or press the Back button on your browser.