Argentum Silver Corp. Announces Share Consolidation
August 20, 2014: Vancouver, BC - Argentum Silver Corp. (ASL: TSX-V) (“Argentum or the “Company”) previously announced a share consolidation in a news release dated June 25, 2014. The Company will not proceed with that share consolidation and instead proceed with a new share consolidation on the basis of one (1) post-consolidated common share for each ten (10) pre-consolidated common shares (the “Consolidation“), subject to approval of the TSX Venture Exchange (the "Exchange").
Following the Consolidation, the number of outstanding common shares in the capital of the Company will be 4,601,535. There will be no name or symbol change in conjunction with the Consolidation.
Management and the Board believe that the Consolidation is in the best interests of the Company and its shareholders, as a successful completion of the Consolidation will allow the Company to better pursue its business opportunities. The Consolidation will not change a shareholder’s proportionate ownership in the Company or the rights of holders of its common shares. Each common share outstanding after the Consolidation will be entitled to one vote and will be fully paid and non-assessable.
Any fractional Common Share resulting from the Consolidation that is less than one-half of one Common share will be cancelled, and each fractional Common Share that is at least one-half of one Common share will be changed to one whole Common Share. The Company will commence with the consolidation process immediately, although no exact date has been set as an effective date of Consolidation.
About Argentum Silver
Argentum holds a 100% interest in the Coyote and Victoria properties located in Jalisco, Mexico, and the Lachiguiri and Silacayoapan properties located in Oaxaca, Mexico. For further information, please visit www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
“Geoff Balderson”
President & CEO
For information please contact:
Phone: 604.602.0001 Email: [email protected]
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Argentum relies upon litigation protection for forward-looking statements.
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.