Glacier Lake Confirms Effective Date for Share Consolidation
Vancouver, British Columbia – December 3, 2019 – Glacier Lake Resources Inc. (TSXV: GLI) (the
| “Company”) announces | that effective at the close of business of December 4, 2019 it will consolidate |
| (the “Consolidation”) its outstanding common share capital on the basis of one post-Consolidation | |
| common share for every two currently outstanding common shares. |
Effective at the opening of markets on December 5, 2019, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol “GLI”.
Upon completion of the Consolidation it is anticipated that the Company will have approximately 2,662,886 common shares outstanding. No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the Company will receive a letter of transmittal from Computershare Investor Services Inc. with instructions on how to exchange existing share certificates for new post-Consolidation share certificates.
For additional information please feel free to contact:
Saf Dhillon, Chief Executive Officer Glacier Lake Resources Inc.
Tel:866-687-7059 Dir: 604-688-2922 [email protected]
Please visit our Website at: www.glacierlake.ca
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 include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
Suite 1588 – Canaccord Financial Tower, 609 Granville Street, Vancouver, BC V7Y 1G5 O: 604-688-2922 TF: 866-687-7059 www.glacierlake.ca