Trading Symbol: CCY
VANCOUVER, April 29,
2014 /CNW/ - Catalyst Copper Corp. ("Catalyst" or the
"Company") (TSX VENTURE:CCY) announces that it has convened an
annual general and special meeting of its shareholders (the
"Meeting") to be held on May 26, 2014
at Suite 3123 – 595 Burrard Street, Vancouver, BC at the hour of 10:00am (Vancouver Time).
At the Meeting, the Company will be seeking, by
ordinary resolution, the approval of its shareholders to
consolidate its outstanding share capital on the basis of 3
pre-consolidation shares for 1 post-consolidation share. The
reasons for the consolidation are to increase the Company's
flexibility and competitiveness in the market place and to make the
Company's securities more attractive to a wider audience of
potential investors.
The Company currently has 27,854,658 common
shares issued and outstanding, and after the consolidation, the
Company will have approximately 9,284,886 common shares issued and
outstanding. The Company is not expected to change its name
in conjunction with the consolidation.
The completion of the consolidation remains
subject to shareholder and regulatory approval.
About Catalyst Copper:
Catalyst Copper Corp. is a copper and base metal
company with a focus on copper mining projects in Mexico. Our current focus is the La Verde copper property, which is situated in
the Sierra Madre del Sur approximately 320 kilometres west of
Mexico City in Michoacán State
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. A 43-101
Technical Report dated September 30,
2012 on the La Verde
property is filed on Sedar.
ON BEHALF OF THE BOARD OF DIRECTORS OF
CATALYST COPPER CORP.
"David Laing"
David Laing – CEO, President &
Director
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 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.
SOURCE Catalyst Copper Corp.