Berkwood Resources Ltd. (TSX-V: BKR) (the "Company") is pleased to announce that effective
14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3
Tel. 604-689-1799 Fax.604-689-8199
email: [email protected]
Website: www.berkwoodresources.com
NEW RELEASE
March 16, 2017 TSX:V: BKR
Berkwood Resources Ltd. (TSX-V: BKR) (the "Company") is pleased to announce that effective March 17, 2017
at market open, the Company consolidated its common shares on the basis of one (1) new post-consolidation common
share for every five (5) pre-consolidated common shares. The Company's common shares began trading on a post
consolidated basis on the TSX Venture Exchange on March 17, 2017.
As a result of the consol idation, the Company's outstanding 33,910,578 common shares were reduced to 6,782,116
common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole
number of common shares. The Company's name and trading symbol will remain unchanged. The consolidation was
approved by the directors of the Company on March 2, 2017 and accepted by the TSX Venture Exchange on March
16, 2017.
Registered shareholders will be required to exchange their share certificates representing pre-consolidation common
shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent
a transmittal letter from the Company's transfer agent, Computershare Investor Service s Inc., as soon as practicable
after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s)
representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc. The transfer agent
will forward to each registered shareholder who has provided the required documents a new share certificate
representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered,
each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to
represent the number of whole post -consolidation common shares to which the holder is entitled as a result of the
consolidation.
It is the opinion of the Board of Directors of the Company the consolidation will facilitate any new equity investment
in the Company.
For more information on Berkwood Resources Ltd., review the website at http://berkwoodresources.com/, contact
Thomas Yingling at 604-689-1799 or email: [email protected].
ON BEHALF OF THE BOARD
Signed: “Thomas Yingling”
Thomas Yingling,
President and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward -looking statements which reflect the expectations of management. Forward -looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially
from those contained in the statements. No assurance can be given that any of the e vents anticipated by the forward -looking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward -looking statements reflect management's current
views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.