Majuba Hill Copper Announces Name Change and Share Consolidation
1
*Press Release April 2, 2024
Majuba Hill Copper Announces
Name Change and Share Consolidation
VANCOUVER, BC — April 2, 2024 — Majuba Hill Copper Corp. (CSE: JUBA |
OTC: JUBAF | FWB:4NP) (“Majuba Hill Copper” or the “Company”) announces
that it is proceeding with a consolidation of its issued and outstanding common shares
(the "Shares") on the basis of twenty pre -consolidation Shares for one (1) post
consolidation Share (the "Consolidation"). The Company's shareholders approved
the Consolidation at the Company's annual general and special meeting held on
December 5, 2023.
In connection with the Consolidation, the Company's name will change to " Giant
Mining Corp." (the "Name Change") and the new symbol under which the Shares
trade will change to "BFG".
As a result of the Consolidation, the 68,101,631 Shares currently issued and
outstanding will be reduced to approximately 3,405,085 Shares. No fractional Shares
will be issued as a result of the Consolidation. Any fractional Shares resulting from
the Consolidation will be rounded to the nearest whole Share, with any fraction of
0.5 or above rounded up and any fraction of less than 0.5 will be reduced down to
the nearest whole Share. All outstanding convertible instruments (including options
and warrants) will be adjusted on the equivalent ratio of the Consolidation.
The Company expects its post -Consolidation Shares to commence trading on the
Canadian Securities Exchange s ("CSE") under its new name and trading symbol at
the open of markets on Thursday, April 4, 2024. The new CUSIP for the post -
Consolidation Shares will be 37452L108 and the ISIN for the post -Consolidation
Shares will be CA37452L1085. The record date is set at Friday, April 5, 2024.
The Name Change and Consolidation were also approved by the board of directors of
the Company in accordance with the Company's governing corporate legislation, the
Business Corporations Act (British Colum bia) and the Company's constating
documents.
A l etter of transmittal will be mailed to registered shareholders and registered
shareholders who will be required to deposit their share certificate(s), together with
the duly completed letter of transmittal, with Endeavor Trust Corporation, the
Company's registrar and transfer agent. Non-registered shareholders holding Shares
through an intermediary (a security broker, dealer, bank or financial institution)
should be aware that the intermediary may have different procedures for processing
the Consolidation than those that will be put in place by the Company for registered
2
shareholders. If shareholde rs hold their Shares through intermediaries and have
questions in this regard, they are encouraged to contact their intermediaries.
About Majuba Hill
Majuba Hill Copper Corp. is engaged in the identification, review and acquisition of
latter stage copper and copper/silver/gold assets. This is in direct response to the
growing worldwide demand and lack of supply for precious metals fueled by the Green
New Deal in the US and most other developed nations with similar programs aimed
at addressing climate change. Such programs are heavily reliant on silver, gold and
especially copper to produce Electric Vehicles and other renewable power sources, as
well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156
miles outside Reno, Nevada, USA. Management has been mandated to focus on safe,
mining friendly jurisdictions where government regulations are supportive of mining
operations.
On Behalf of the Board of Majuba Hill Copper Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
Joel Warawa
VP of Corporate Communications
P: 1 (855) 475-0745
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this news release.
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed “forward-looking
statements”. All statements in this news release, other than statements of historical facts,
that address events or developments that the Company expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “ estimates”, “ projects”, “ potential” and simi lar expressions, or that events or
conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes
the expectations expressed in such forward -looking statements are based on reasonable
assumptions, such statements are not guaran tees of future performance and actual results
may differ materially from those in the forward-looking statements. Factors that could cause
3
the actual results to differ materially from those in forward -looking statements include
regulatory actions, market p rices, and continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward -looking statements. Forward -looking
statements are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made. Except as required by applicable securities laws, the
Company undertakes no obligation to update these forward -looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should change.