Inform Announces Share Consolidation and Financing ______________________________________________________________________________
INFORM RESOURCES CORP.
Suite 162, 2906 West Broadway Vancouver, BC V6K 2G8
INFORM ANNOUNCES SHARE CONSOLIDATION AND FINANCING ______________________________________________________________________________
June 3, 2016 TSX-V: IRR
Vancouver, British Columbia – June 3, 2016, - Inform Resources Corp. TSX.V:IRR (“Inform” or the "Company") announces a consolidation of the authorized and issued common shares of the Company (the “Common Shares”) on the basis of a one (1) post-consolidated Common Share for each ten (10) preconsolidation Common Shares (the “Consolidation”).
Following the Consolidation, the Company will conduct a non-brokered private placement pursuant to which the Company will issue an aggregate of up to 4,300,000 units (the “Financing Units”), consisting of one common share and one whole common share purchase warrant, at a price of $0.05 per Financing Unit to raise gross proceeds of up to $215,000 (the “Financing”). The proceeds from the Financing will be used for general working capital.
The Consolidation and Financing remain subject to Exchange approval. All securities issued in connection with the Financing will be subject to a four month resale restriction.
On behalf of the Board of Directors
INFORM RESOURCES CORP.
“Tim Fernback”
Tim Fernback, Chief Executive Officer
For further general information, please contact Tim Fernback at 604-340-3774.
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.