Trench Metals Announces Share Consolidation and Change of Name
NEWS RELEASE
TRENCH METALS ANNOUNCES SHARE CONSOLIDATION AND CHANGE OF NAME
Vancouver, Canada – September 3rd, 2024 – Trench Metals Corp. (the “Company”) (TSXV: TMC, FWB: 33H2) announces that all matters presented at its adjourned Annual General and Special Meeting of Shareholders (the “Meeting”), held on August 28, 2024, were approved.
Following the Meeting, the board of directors of the Company has approved a consolidation (the “Consolidation”) of the outstanding share capital of the Company on a one-for-ten basis and a change of the name of the Company (the “Name Change”) to “Patterson Metals Corp.”
As a result of the Consolidation, the Company’s currently issued and outstanding 54,551,735 common shares will be reduced to approximately 5,455,174 post-Consolidation common shares. No fractional common shares will be issued as a result of the Consolidation. Instead, any fractional common shares will be rounded to the nearest whole number of common shares. In accordance with the articles of the Company, the Consolidation and the Name Change do not require approval of the shareholders of the Company.
The Company will issue a news release providing further details regarding the Consolidation and Name Change once the effective date has been determined. Completion of the Consolidation and the Name Change remain subject to the approval of the TSX Venture Exchange.
For further updates and information, please visit the Trench Metals website at www.trenchmetals.com.
About Trench Metals Corp
Trench Metals Corp. is a mineral exploration company with a focus on uranium. We create value for our shareholders by engaging in promising mineral exploration opportunities. Our main goal is the advancement of various projects from discovery all the way to production. This vertically integrated strategy allows Trench Metals to achieve exceptional shareholder value through the entire life-cycle of the mining process.
For further information, contact the Company at [email protected] or 604.558.4300, or visit the Company’s website at www.trenchmetals.com.
On behalf of the Board,
Trench Metals Corp.
Simon Cheng, President
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the anticipated completion of the Consolidation and Name Change and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.