TORONTO, ON / ACCESSWIRE / December 17, 2015 / As of December 17th, 2015, the share consolidation for Stakeholder Gold Corporation (TSXV: SRC) ("Stakeholder" or the "Company") has taken effect. The authorized capital of the Corporation has been altered by consolidating all of the issued and outstanding Common Shares on the basis of one (1) new Common Share for every ten (10) existing Common Shares. Any fractional shares arising from the consolidation of Common Shares have been rounded down to the nearest whole share.
The Company is also pleased to announce the commencement of a non-brokered private placement for proceeds of $300,000 (3,000,000 common shares). This financing is eligible for 2015 flow-through and is priced at a post Share Consolidation price of $.10 per Common Share. The financing is expected to close at or about the end December 2015 and is subject to exchange approval.
About Stakeholder Gold Corporation
Stakeholder Gold Corp. is a Canadian mineral exploration company headquartered in Toronto, Canada. The primary focus of Stakeholder is to explore and develop the Ballarat Gold Property which is located in the White Gold District of the Yukon.
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.
For more Stakeholder Gold Corp. information, please contact
Christopher J. Berlet, CFA
President & CEO
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 of this release.
Forward-Looking Statements: This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the prevailing price of natural gas, the Canadian-United States exchange rate, amount of gas produced that could affect revenues and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Company's annual financial statements and MD&A.
SOURCE: Stakeholder Gold Corporation
(December 17, 2015 - 10:31 AM EST)
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