Iron Creek Obtains Approval From Shareholders, Sets Date for Share Consolidation, and Provides Update on $5 Million Financing
10 April 2014 - 1:30PM
Marketwired
Iron Creek Obtains Approval From Shareholders, Sets Date for Share
Consolidation, and Provides Update on $5 Million Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 10, 2014) - Iron
Creek Capital Corp. (TSX-VENTURE:IRN) ("Iron Creek" or the
"Company") announces that the date for the consolidation of its
common shares on the basis of one (1) "new" common share for seven
(7) "old" common shares has been set. Effective Monday, April 14,
2014, the common shares of the Company will commence trading on the
TSX Venture Exchange on a consolidated basis under the same stock
symbol "IRN". The new CUSIP number and ISIN are 462817206 and
CA4628172062 respectively.
The share consolidation, as originally announced in a news
release dated January 29, 2014, was approved by shareholders at
Iron Creek's Special General Meeting held on April 7, 2014, and was
subsequently approved by the TSX Venture Exchange.
No fractional shares will be issued under the share
consolidation. Instead, all fractional shares resulting from the
consolidation of less than one-half will be rounded down to the
nearest whole number, and of one-half or greater will be rounded up
to the nearest whole number.
Letters of transmittal describing the process by which
shareholders may obtain new certificates representing their
consolidated common shares will be mailed shortly to registered
shareholders. Shareholders holding their shares through a broker or
other intermediary and consequently not having shares registered in
their name will not be required to complete a letter of
transmittal.
Following consolidation and subject to rounding, the Company
will have 7,612,320 issued and outstanding common shares. All
outstanding incentive stock options and share purchase warrants
will be adjusted accordingly to reflect the share
consolidation.
Private Placement Financing - Update
Iron Creek is progressing towards closing of its proposed $5
million financing also announced in the January 29, 2014 news
release. The Company is pleased that, due to demand, it has
increased the overall financing amount, subject to regulatory
approval, to approximately $5.6 million. The consolidation of its
share base was a pre-requisite for completion of the financing, and
closing is now planned for Thursday April 17, 2014, subject to TSX
Venture Exchange approval.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based exploration
company focused on the acquisition and exploration of world-class
mineral systems in Chile. The Company has assembled a portfolio of
exploration projects prospective for gold, silver and copper
mineralization. The Company has a strong management team with many
decades of combined experience in Chile and Latin America, led by
Tim Beale (President), Michael Winn (CEO) and John Davidson
(Exploration Manager). The Company currently controls more than
60,000 hectares of exploration tenement along proven mineral belts,
and is advancing several precious metals and copper projects
including the wholly owned Las Pampas, T4 and Magallanes
projects.
ON BEHALF OF THE BOARD
Timothy J. Beale, President
Neither the
TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statement
Some of the
statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business
of Iron Creek Capital Corp. Actual results may differ materially
from those currently anticipated in such statement.
Iron Creek Capital
Corp.604.687.5544604.688.1157info@ironcreekcapital.comwww.ironcreekcapital.com
(TSXV:IRN)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
(TSXV:IRN)
Historical Stock Chart
Von Jun 2023 bis Jun 2024