Marching Moose Capital Corp. Announces Completion of Share Consolidation
MARCHING MOOSE CAPITAL CORP.
Suite 2300 - 1066 West Hasting Street
Vancouver, BC V6E 3X2
NEWS RELEASE
April 28, 2017 TSXV Symbol: MMC.P
Marching Moose Capital Corp. Announces Completion of Share Consolidation
Vancouver, British Columbia. Marching Moose Capital Corp. ("MMCC" or the "Company"), announced today
that, following the approval by MMCC’s shareholders obtained on November 25, 2015, and the approval of the
TSSX Venture Exchange (the “Exchange”) it has completed the consolidation of its issued and outstanding
common shares on the basis of one post -consolidation common share for every 2 pre-consolidation common
shares (the “Consolidation”) resulting in a total of 1,820,003 common shares issued and outstanding following
the Consolidation.
No fractional common shares will be issued as a result of the Consolidation. Any fractional common share of
MMCC resulting from the Consolidation will be rounded up or down pursuant to s.83 of the Business Corporations
Act (British Columbia) to the nearest whole post-Consolidation common share and such fractional common share
will be cancelled.
Holders of common shares of M MCC who hold uncertificated common shares (i.e., shares held in book -entry
form and not represented by a physical share certificate), either as registered holders or beneficial owners, have
had their existing book -entry account(s) electronically adjusted by MMCC’s transfer agent or, for beneficial
shareholders, by their brokerage firms, banks, trusts or other nominees that hold in “street name” for their benefit.
Such holders do not need to take any additional actions to exchange their pre- Consolidation common shares for
post-Consolidation common shares.
Registered shareholders holding share certificates have been mailed a letter of transmittal to exchange their pre -
Consolidation common shares for post -Consolidation common shares of MMCC . Such registered shareholders
should complete the letter of trans mittal and return it, along with any share certificate(s) representing the pre-
Consolidation common shares of MMCC , to Computershare Investor Services Inc. in accordance with the
instructions set forth in the letter of transmittal. A copy of the letter of transmittal sent to registered shareholders of
MMCC is available on SEDAR.
For additional inform ation regarding the Consolidation, please refer to MMCC’s Notice of Special Meeting and
Information Circular dated October 21, 2015, which is available on SEDAR.
The completion of the Consolidation is a condition of an agreement between MMCC and Avidian Gold Inc.
(“Avidian”) in relation to the proposed Qualifying Transaction (the “Transaction”) between the MMCC and
Avidian as described by News Releases dated October 26, 2016 and April 18, 2017 . The Companies shares
remain suspended on the TSXV in respect of the proposed Qualifying Transaction.
General
Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance. Where applicable, the Transaction cannot close until the required shareholder approval is obtained.
There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement or other disclosure document to be
prepared in connection with the Transaction, any information released or received with respect to the Transaction
may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool
company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Transaction and has neither
approved nor disapproved the contents of this press release.
Other Information and Updates
MMCC and Avidian will continue to provide further details in respect of the Transaction, in due course, by way of
news releases.
For further information please contact:
Larry K. Doan, President
Marching Moose Capital Corp.
Phone: (604) 488-8874
Forward-Looking Information
Certain statements in this news release may constitute “forward -looking” information that involves known and
unknown risks, uncertainties and other factors, and it may cause actual results, performance or achievements or
industry results, to be materially different from any future results, performance or achievements or industry results
expressed or implied by such forward- looking information. Forward-looking information is identified by the use of
terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”,
“project”, “will”, “would”, and similar terms and phrases, including references to assumptions. Such information
includes, without limitation, statements with respect to the treatment of fractional common shares, the procedure
for the exchange of common shares pursuant to the Consolidation.
Forward-looking information reflects current expe ctations of management regarding future events as of the date
of this news release. Such information involves significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not nec essarily be accurate indications of whether or not
such results will be achieved. A number of factors could cause actual results to differ materially from the results
discussed in the forward-looking information.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement.
Forward-looking information reflects management’s current beliefs and is based on information currently available
to MMCC. The forward-looking information is made as of the date of this news release and MMCC assumes no
obligation to update or revise such information to reflect new events or circumstances, except as may be required
by applicable law.