Mineral Mountain Announces Effective Date of Name Change and Consolidation and Appointment of new CFO
Correction
Mineral Mountain Announces Effective Date
of Name Change and Consolidation and
Appointment of new CFO
Vancouver, British Columbia--(Newsfile Corp. – November 30, 2023) - Mineral Mountain
Resources Ltd. (TSXV: MMV) (OTCQB: MNRLF) (FSE: M8M) (“ Mineral Mountain ” or the
“Company”) is pleased to announce that it has received approval from the TSX Venture Exchange
to change the Company’s name to “Badlands Resources Inc.” (the “ Name Change ”) and to
consolidate the Company’s outstanding common shares on the basis of one new common share
for every ten common shares (the “Consolidation”).
The Name Change and Consolidation will take effect at the start of trading on December 1, 2023,
and the Company will trade under the symbol “BLD S” and under the new CUSIP/ISIN numbers
056600109/CA0566001099. As a result of the Consolidation, the 113,072,648 common shares
issued and outstanding prior to the Consolidation will be reduced to approximately 11,383,925
common shares. Each shareholder’s percentage ownership in the Company and proportionate
voting power will remain unchanged after the Consolidation, except for minor changes and
adjustments resulting from the treatment of any fractional common shares.
In connection with the Consolidation, the Company expects to send letters of transmittal to
registered holders of its common shares for use in transmitting their existing share certificates
(“Existing Certificates”) to the Company’s registrar and transfer agent, TSX Trust Company, in
exchange for new certificates (“New Certificates”) representing the number of post-Consolidation
common shares to which each shareholder is entitled.
No delivery of a New Certificate to a shareholder will be made until the shareholder has
surrendered its Existing Certificates. Until surrendered, each Existing Certificate shall be deemed
for all purposes to represent the number of post-Consolidation common shares to which the
holder is entitled.
The Company is also pleased to announce that P . Joseph Meagher has been appointed Chief
Financial Officer of the Company effective as of September 12, 2023. Mr. Meagher holds a
Bachelor of Commerce from the University of British Columbia, became a Chartered Professional
Accountant (CPA, CA) in 2008, and obtained the Chartered Director (C.Dir.) designation from The
Directors College (a joint venture between McMaster University and The Conference Board of
Canada) in 2017. Mr. Meagher has extensive experience working with publicly listed companies.
Tom Wilson has resigned as Chief Financial Officer. The Company thanks him for his service and
wishes him well in his future endeavors.
2
About Mineral Mountain
Mineral Mountain, through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc.,
began exploring in the Black Hills of South Dakota, USA in July 2012. The Company recognized
that the Homestake Gold Trend was not well explored using modern technology and the potential
of discovering another similar Homestake-style gold deposit with scale was above average. Since
2012, the Company has expended over $13 million USD in systematic, “state of the art”
exploration with a strong technical and highly experienced team largely focused on its 100%-
owned Rochford Gold Project physically situated 26 kilometers south of the world's richest and
largest orogenic gold deposits, the Homestake Mine.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
R. Dale Ginn, President and CEO
For further information, please contact:
R. Dale Ginn
604-678-5308 | [email protected]
Or visit our website: www.mineralmtn.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-looking information
This release includes certain statements that may be deemed to be “forward-looking information”
under Canadian securities laws. All statements in this release, other than statements of historical
facts, that address events or developments that the Company expects to occur, constitute
forward-looking information. Forward-looking information consists of statements that are not
historical facts and are generally, but not always, identified by the words “expects”, “plans”, “could”
or “should” occur and includes information relating to the anticipated effective date of the Name
Change and Consolidation. Forward-looking info rmation is based on management’s reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on management’s
experience and perception of trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the circumstances, but which
may prove to be incorrect. Such factors, among others, include the ability to obtain required final
approvals from the TSX Venture Exchange. The Company believes that the expectations reflected
in the forward-looking information are reasonable, but no assurance can be given that these
expectations will prove to be correct. Please see the public filings of the Company at
www.sedarplus.ca for further information.