Shoshoni Gold Ltd. Announces Effective Date for Share Consolidation & Name Change
Suite 701 - 595 Howe Street Vancouver, BC V6C 2T5
SHOSHONI GOLD LTD. ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION & NAME CHANGE
Vancouver, BC, July 29, 2019 – Shoshoni Gold Inc. (SHJ:TSXV) (the “Company” or “Shoshoni”) will implement the previously announced proposed consolidation of its issued and outstanding common shares on the basis of one postconsolidation common share for every four (4)
preconsolidation common shares, effective as of August 1, 2019. Directors approval of the consolidation and name change. The Company has also received TSX Venture Exchange approval for the share consolidation and name change to Royal Gold Mining Inc.
Following the share consolidation, the common shares will continue to be traded on the TSX Venture Exchange under the symbol ROYL. The common shares are scheduled to begin trading on a postconsolidation basis at market open on August 1, 2019. Following the share consolidation, the common shares will have a new Cusip number (No. 780288106) and ISIN (No. CA7802881069).
A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange their existing share certificates for new share certificates. Additional copies of the letter of transmittal can be obtained through Computershare Investor Services Inc. Shareholders may also obtain a copy of the letter of transmittal under the Company's SEDAR profile. Following the share consolidation, share certificates representing preconsolidation common shares will be deemed for all purposes to represent the number of common shares to which the shareholder is entitled as a result of the share consolidation. No delivery of a new share certificate to a shareholder will be made until the shareholder surrenders the certificates representing the preconsolidation common shares along with the letter of transmittal to Computershare Investor Services in the manner detailed in the letter of transmittal.
Non-registered beneficial holders holding their common shares through a bank, broker or other nominee should note that such banks, brokers or other nominees may have specific procedures for processing the share consolidation. Shareholders holding their common shares with such a bank, broker or nominee and who have any questions in this regard are encouraged to contact their nominees.
No fractional common shares will be issued upon the share consolidation. In the event a holder of common shares would otherwise be entitled to receive a fractional common share in connection with the share consolidation, the number of common shares to be received by such shareholder will be rounded down to the next whole number if that fractional common share is less than one-half of a common share and will be rounded up to the next whole number of common shares if that fractional common share is equal to or greater than one-half of a common share.
There are 9,006,150 Common Shares currently issued and outstanding. Following completion of the share consolidation, the Company will have approximately 2,251,538 common shares issued and outstanding (on a non-diluted basis and subject to rounding to account for fractional shares).
Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129
Email: [email protected]
About the Company
The Company maintains its Kirkland’s Creek, Yukon project in good standing.
Shoshoni has 9,006,150 shares issued and outstanding and trades on the TSX Venture Exchange under symbol: SHJ.
ON BEHALF OF THE BOARD
(signed) “Glen Macdonald”
Glen Macdonald Chief Executive Officer and Director
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.
This news release may contain forward-looking statements that are based on Shoshoni Gold Ltd.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Shoshoni Gold Ltd. undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.