Luckystrike Announces Completion of Share Consolidation
LUCKYSTRIKE ANNOUNCES COMPLETION OF SHARE CONSOLIDATION
November 15, 2019 – Luckystrike Resources Ltd. (“Luckystrike” or the “Company) announces that
further to its news release of November 6, 2019, the Company’s intention to consolidate its common
shares (“Shares”) on a 10-old-for-1-new share basis (the “Consolidation”) has been accepted by the
TSX Venture Exchange.
Prior to implementing the Consolidation, the Company had 39,626,688 Shares issued and outstanding
and immediately after implementing the Consolidation, the Company will have 3,962,669 Shares issued
and outstanding. No fractional shares will be issued as a result of the Consolidation. Each fractional
share following the Consolidation that is less than one-half of a share will be cancelled and each
fractional share that is at least one-half of a share will be rounded up to the nearest whole share. The
exercise price and the number of Shares issuable under any of the Company's outstanding stock
options and convertible instruments, as applicable, will be proportionately adjusted in connection with
the Consolidation.
Effective at the opening of trading on November 18, 2019, the pre-Consolidation Shares in the name
of Luckystrike Resources Ltd. will be delisted and the post-Consolidation Shares will commence
trading under the same name Luckystrike Resources Ltd. and same trading symbol of “LUKY”.
Holders of Shares who hold un-certificated Shares (including Shares held through a brokerage account
and/or not represented by a physical share certificate) have had their holdings electronically adjusted
by the Company's transfer agent or by their brokerage firms, banks, trust or other nominees. Such
holders do not need to take any additional actions to exchange their pre-Consolidation Shares for
post-Consolidation Shares. Letters of transmittal have been mailed to all registered shareholders
holding share certificates with instructions on how to exchange existing share certificates for new
share certificates. A letter of transmittal is also available on SEDAR.
The Company's new CUSIP number is 54960W203 and its new ISIN number is CA54960W2031.
ON BEHALF OF THE BOARD
John Newell, President and Chief Executive Officer
TSX-V: LUKY
LUCKYSTRIKE RESOURCES LTD.
1010 -1130 West Pender Street
Vancouver, British Columbia
Canada, V6E 4A4
Telephone: 604 568 8807
Facsimile: 604 681 1864
LuckyStrikeRes.com
For new information from the Company's programs, please visit Luckystrike's website at
LuckystrikeRes.com or contact John Newell by telephone at (604) 568-8807 or by email at
Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information”
or “forward -looking statements” (collectively, “Forward -Looking Information”) within the meaning of
applicable Canadian securities legislation. In certain cases, Forward-Looking Information can be identified
by the use o f words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or
variations of such words and phrases or statements that certain actions, events or results “would”,
“occur” or “be achieved”. Although Luckystrike has attempted to identify important factors and risks that
could affect Luckystrike and may cause actual actions, events or results to differ materially from those
described in Forward-Looking Information, there may be other factors and risks that cause actions, events
or results not to be as anticipated, estimated or intended, including, without limitation: inherent risks
involved in the exploration and development of mineral properties; the uncertainties involved in
interpreting drill results and other exploration data; the potential for delays in exploration or development
activities; the geology, grade and continuity of mineral deposits; the possibility that future exploration,
development or mining results will not be consistent with Luckystrike’s expectations; accidents,
equipment breakdowns, title and permitting matters; labour disputes or other unanticipated difficulties
with or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses;
uncertainties relating to the availability and costs of financing needed in the future, including to fund any
exploration programs on its projects; that Luckystrike may not be able to confirm historical exploration
results and other risks set forth in Luckystrike's public filings at www.sedar.com. In making t he forward-
looking statements in this news release, Luckystrike has applied several material assumptions, including
the assumption that general business and economic conditions will not change in a materially adverse
manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on Forward -Looking Information. Except as req uired by law,
Luckystrike does not assume any obligation to release publicly any revisions to Forward -Looking
Information contained in this news release to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.