Donner Metals Announces Completion of Share Consolidation
30 Dezember 2013 - 2:00PM
Marketwired
Donner Metals Announces Completion of Share Consolidation
MONTREAL, QUEBEC--(Marketwired - Dec 30, 2013) - Donner Metals
Ltd ("Donner" or "Company") (TSX-VENTURE:DON)(FRANKFURT:D4M)
reports that the consolidation of its share capital on the basis of
one (1) post-consolidation common share for every sixty (60)
pre-consolidation common shares will be effective as of today,
December 30, 2013. Therefore, the post-consolidation common shares
will commence trading on the TSX Venture Exchange under the trading
symbol "DON" on such date.
Donner currently has 316,198,973 common shares issued and
outstanding and, following the consolidation, will have
approximately 5,269,982 common shares issued and outstanding. The
change in the number of issued and outstanding common shares that
will result from the consolidation will not materially affect any
shareholder's percentage ownership in Donner, although such
ownership would be represented by a smaller number of common
shares.
A letter of transmittal will be sent by mail to the shareholders
of the Company advising that the consolidation has taken effect and
instructing shareholders to surrender the certificates evidencing
their common shares for replacement certificates representing the
number of common shares to which they are entitled as a result
thereof. Until surrendered, each certificate will be deemed for all
purposes to represent the number of common shares to which the
holder thereof is entitled as a result of the consolidation.
The consolidation was approved by the shareholders of the
Company at the annual general and special meeting held on December
10, 2013. Further details regarding the consolidation are contained
in the Company's management information circular dated November 12,
2013, which has been filed under the Company's profile on SEDAR at
www.sedar.com.
About Donner Metals
Donner is an exploration company focused on the development of
mineral exploration projects in Quebec.
ON BEHALF OF THE BOARD OF DONNER METALS LTD.
Normand Champigny, President and Chief Executive Officer
Donner Metals
Ltd.514.286.1565donner@bed-rock.comwww.donnermetals.com
(TSXV:DON)
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