Benz Mining Corp. Announces Completion of Share Consolidation
BENZ MINING CORP.
Suite 606, 909 Burrard Street
Vancouver, BC V6Z 2N2
News Release NEX: BZ .H
Benz Mining Corp. Announces Completion of Share Consolidation
February 17, 2017 – Vancouver, British Columbia (NEX board of t he TSX-V: BZ.H.)
Benz Mining Corp. (the “ Company”), is pleased to announce that it has received acceptance
from the NEX Board of the TSX Venture Exchange (the “ Exchange”) of the previously
announced consolidation of the i ssued and outstanding common sh ares of the Company on a
10:1 ratio (the “ Consolidation”). The common shares will trade on a consolidated basis
commencing at market open on February 17, 2017 under Exchange s ymbol “BZ.H”
(CUSIP: 08345Q208; ISIN: CA08345Q2080).
Following the completion of the Consolidation there will be app roximately 2,308,106 common
shares outstanding, not taking into account any adjustments for rounding. No fractional shares
will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to
receive a fraction of a common share will be rounded to the nea rest whole number of common
shares and no cash consideration will be paid in respect of fra ctional shares. In addition, the
exercise price and number of comm on shares of the Company issua ble upon the exercise of
outstanding stock options, warrants or other convertible securi ties will be proportionately
adjusted to reflect the Consolidation.
The Company is not changing its name or its stock trading symbo l in connection with the
Consolidation. A letter of transmittal will be sent by mail to shareholders advising them that the
Consolidation has taken effect and instructing them to surrende r the certificates evidencing their
common shares for replacement certificates representing the num ber of common shares to which
they are entitled as a result of the Consolidation. Until surr endered, each certificate formerly
representing common shares will be deemed for all purposes to represent the number of common
shares to which the holder thereof is entitled as a result of the Consolidation.
On behalf of the Board of Directors of
Benz Mining Corp.
Miloje Vicentijevic, President and Chief Executive Officer
For more information please contact
Benz Mining Corp.
Telephone: 604.617.1239
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this
release.