Berkwood Resources Ltd. (TSX-V: BKR) (the "Company") is pleased to announce that effective
14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3 Tel. 604-689-1799 Fax.604-689-8199 email: [email protected] Website: www.berkwoodresources.com
NEW RELEASE
March 16, 2017 TSX:V: BKR
| Berkwood Resources Ltd. (TSX-V: BKR) (the "Company") | is pleased to announce that effective March 17, 2017 |
| at market open, the Company consolidated its common shares on the basis of one (1) new post-consolidation common | |
| share for every five (5) pre-consolidated common shares. The Company's common shares began trading on a post | |
| consolidated basis on the TSX Venture Exchange on March 17, 2017. |
| As a result of the consolidation, the Company's outstanding | 33,910,578 | common shares were reduced to | 6,782,116 |
| common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole | |||
| number of common shares. The Company's name and trading symbol will remain unchanged. The consolidation was | |||
| approved by the directors of the Company on March 2, 2017 and accepted by the TSX Venture Exchange on March | |||
| 16, 2017. |
Registered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a transmittal letter from the Company's transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation.
It is the opinion of the Board of Directors of the Company the consolidation will facilitate any new equity investment in the Company.
For more information on Berkwood Resources Ltd., review the website at http://berkwoodresources.com/, contact Thomas Yingling at 604-689-1799 or email: [email protected].
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling, President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither 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.