New Energy Metals Announces Share Consolidation
#2300 – 1177 West Hastings Street, Vancouver, BC, Canada, V6E 2K3
Phone: 604-484-1232 / Fax: 604-408-7499
NEW ENERGY METALS ANNOUNCES SHARE CONSOLIDATION
NR19-03 March 7, 2019
Vancouver, B.C. – New Energy Metals Corp. ("New Energy Metals" or the "Company")
(TSX.V:ENRG) (OTC:NEMCF) announces that, subject to acceptance by the TSX Venture
Exchange (the "TSX-V"), its board of directors has approved the consolidation of its issued and
outstanding common shares on the basis (1) post-consolidation s h a r e f o r e v e r y e i g h t ( 8 ) p r e -
consolidation shares (the "Consolidation").
The Consolidation will result in the number of issued and outst anding common shares without
par value of the Company being reduced from 45,016,001 common s hares to approximately
5,627,000 common shares on a non-diluted basis, and each shareh older will hold the same
percentage of common shares outs tanding immediately after the C onsolidation as such
shareholder held immediately prior to the Consolidation. The e xercise price and number of
common shares of the Company issu able upon the exercise of outs tanding stock options,
warrants or other convertible sec urities will be proportionately adjusted to reflect the
Consolidation in accordance with the terms of such securities.
No fractional shares will be issued as a result of the Consolid ation. Any fractional shares
resulting from the Consolidation will be (i) rounded up to the next whole share if such fractional
share is equal to or greater than one-half of a share; and (ii) rounded down to the next whole
share if such fractional share is less than one-half of a share , and no cash consideration will be
paid in respect of fractional shares. The Company's name and t rading symbol will remain
unchanged and the Company will issue a further news release con firming the effective date for
the Consolidation when such information is available.
The Company's board of directors believes that the Consolidation will provide the Company with
greater flexibility for the continued development of its busine ss and the growth of the Company,
including possible financing arrangements.
The Company also announces the previously announced non-brokere d private placement
(see news release dated February 6, 2019) has been postponed.
About the Company
New Energy Metals is focused on the exploration and development of energy metals in Chile.
The Company's assets include the Cristal copper project located in northern Chile and several
prospective cobalt projects in Chile's past producing San Juan cobalt district.
NR19-03 Continued 2 March 7, 2019
LC153271-2
On behalf of New Energy Metals Corp.
César López, President & CEO
T: 604.484-1232
W: www.newenergymetals.ca
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the
United States Private Securities Litigation Reform Act of 1995 . All statements, other than statements of historical
fact, included herein including, without limitation, the expected completion of the Consolidation and the expected
outstanding common shares after the completion of the Consolidation, the expected completion of the private
placement and the anticipated business plans and timing of future activities of the Company, are forward-looking
statements. Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such as:
"believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may ", "should", "potential",
"scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future
events or results that may, could, would, might or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results,
performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors
include, among others, actual results of exploration activities, the fact that the Company’s interests in its mineral
properties are only options and there is no guarantee that the interests, if earned, will be certain, requirements for
additional capital, future prices of precious metals, copper and cobalt, changes in general economic conditions,
changes in the financial markets and in the demand and market price for commodities, other risks of the mining
industry, the inability to obtain any necessary governmental and regulatory approvals (including TSX-V approval of
the Consolidation and the private placement), changes in laws, regulations and policies affecting mining operations,
hedging practices and currency fluctuations, as well as those factors discussed under the heading "Risks and
Uncertainties" in the Company's most recent management's discussion and analysis and other filings of the
Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on
the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statements. Except as otherwise required by
law, the Company undertakes no obligation to update any of the forward-looking information in this news release or
incorporated by reference herein.