Lavras Gold to Consolidate Shares
June 02 2022 - 4:45PM
Further to a press release dated May 9, 2022, Lavras Gold Corp.
(TSXV: LGC) (the “Company”) will consolidate its issued and
outstanding common shares (the “Common shares”) based on 10
pre-consolidation Common Shares for one post-consolidation Common
Share (the “Consolidation”). The Common Shares are expected to
commence trading on the Toronto Venture Exchange on a consolidated
basis on or about June 7, 2022.
Following the Consolidation, the Company will
have approximately 41,103,800 Common Shares outstanding. No
fractional Common Shares will be issued pursuant to the
Consolidation and any fractional shares that would have otherwise
been issued have been rounded down or up to the nearest whole
Common Share, with 0.5 of a Common Share being rounded up. The
change in the number of issued and outstanding Common Shares
resulting from the Consolidation will not materially affect any
shareholder’s percentage ownership in the Company, although such
ownership will be represented by a smaller number of Common
Shares.
Letters of transmittal with respect to the
Consolidation are being mailed out to the Company’s registered
shareholders. All registered shareholders will be required to send
their share certificates, along with a properly executed letter of
transmittal, to the Company’s registrar and transfer agent,
Computershare Investor Services Inc., according to the instructions
provided in the letter of transmittal.
Shareholders who hold their Common Shares
through a broker, investment dealer, bank or trust company should
contact that nominee or intermediary for assistance in depositing
their Common Shares in connection with the Name Change and
Consolidation.
A copy of the letter of transmittal will be
posted on the Company’s issuer profile on SEDAR at
www.sedar.com.
Lavras Gold: Exploring to realize the
potential of a multi-million ounce district in southern
Brazil
Lavras Gold (TSXV: LGC) is a Canadian
exploration company focused on realizing the potential of the
Lavras do Sul gold project (LDS Project) in Brazil. Located in the
state of Rio Grande do Sul, the LDS Project is believed to host an
alkaline porphyry gold-copper system. More than 23 gold prospects
centred on historic gold workings have been identified on the
property, which spans more than 22,000 hectares.
The Company’s vision is to maximize shareholder
value by applying a sustained systematic and technically-based
exploration program to the LDS Project and any other opportunities
that may arise.
Follow Lavras Gold on www.lavrasgold.com, as
well as on LinkedIn, Twitter, and YouTube.
Contact information
Michael Durose |
|
Annemarie Brissenden |
President & CEO |
|
Investor Relations |
416-844-6284 |
|
416-844-6284 |
info@lavrasgold.com |
|
info@lavrasgold.com |
DISCLAIMERNeither the TSX Venture Exchange nor
its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of the content of this news release.
FORWARD-LOOKING INFORMATIONThis news release
contains certain “forward-looking information” within the meaning
of applicable securities laws. Forward looking information is
frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate”, “may”,
“will”, “would”, “potential”, “proposed” and other similar words,
or statements that certain events or conditions “may” or “will”
occur. These statements, including statements with respect to
planned exploration activities and goals, the proposed
Consolidation and the timing thereof, are only objectives and
predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
information, including the risks and factors that generally affect
exploration and the uncertainty of exploration results and the
ability to obtain regulatory approval for the Consolidation. For a
description of the risks and uncertainties facing the Company and
its business and affairs, readers should refer to the Company’s
Management’s Discussion and Analysis and Listing Statement recently
filed under the Company’s profile on www.sedar.com. The Company
undertakes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change,
unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
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