Trading Symbol: CCY
VANCOUVER,
Dec. 23, 2013 /CNW/ - Catalyst Copper
Corp. ("Catalyst" or "the Company") (TSX VENTURE: CCY) announces
that the TSX Venture Exchange has approved a share consolidation.
On December 16, 2013, the Board of
Directors approved a consolidation of the Company's common shares
on the basis of up to one (1) post-consolidated share for every ten
(10) pre-consolidated shares (the "Consolidation").
Commencing December 31, 2013, the
Company's common shares will trade on a post-consolidation basis,
under the new CUSIP number 14888C200. The Company will retain the
name Catalyst Copper Corp. and trading symbol: CCY on the TSX
Venture Exchange.
Currently, the Company has 278,546,513 issued and outstanding
common shares. Post consolidation the Company will have
approximately 27,854,651 common shares outstanding. The exact
number of post-consolidated shares will vary depending on the
treatment of fractional shares, which will occur when each
shareholder's holdings in the Company are consolidated. Outstanding
stock options and warrants will also be adjusted by the
consolidation ratio and the respective exercise prices of
outstanding stock options and warrants will be adjusted
accordingly. Registered shareholders will receive a letter of
transmittal from Computershare Trust Company, the Company's
transfer agent, with instructions for exchanging their
pre-consolidation shares.
Catalyst Copper Corp. further announces today that Dr.
George Poling resigned from the
Board of Directors effective December 18,
2013 for personal reasons. Dr. Poling has been a
valuable contributor to the Board and his presence and sage advice
will be missed. We wish him every success in his future
endeavours.
About La Verde
La Verde is located in an area
with excellent infrastructure: Roads, rail, water and power.
Lazaro Cardenas, Mexico's third
largest port on the Pacific Ocean is 180 km from the site.
Significant upside potential remains for the two known zones of
porphyry style copper, gold and silver mineralization as drill
programs have shown both deposits remain open to depth and along
strike.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"John W. Greenslade"
John W. Greenslade - President,
CEO (Director)
"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 release."
Certain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, including, but not limited to, risks associated with
mineral exploration and mining activities, the impact of general
economic conditions, industry conditions, dependence upon
regulatory approvals, and the uncertainty of obtaining additional
financing. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.
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 Catalyst Copper Corp.