Montan Mining Announces Approval of Share Consolidation and New Board Member
#1400 – 1111 West Georgia St.
Vancouver, BC V6E 4M3
MONTAN MINING ANNOUNCES APPROVAL OF SHARE CONSOLIDATION AND
NEW BOARD MEMBER
Vancouver, BC, July 7, 2017 – Montan Mining Corp. (TSXv: MNY | FSE: S5GM | SSE: MNYC)
(“Montan” or the “Company”) announces that at the Annual General and Special Meeting of the
shareholders of the Company held on June 28, 2017, the Company’s shareholders approved the
previously announced consolidation of the issued and outstanding common shares of the Company
(the "Common Shares") on the basis of one (1) post-consolidation Common Share for every three
(3) pre -consolidation Common Shares (the "Consolidation"). Any fractional Common Shares
resulting from the Consolidation will be rounded up to the next whole Common Share if such
fractional Common Share is equal to or greater than one -half of a Common Share and rounded
down to the next whole Common Share if such fractional Common Share is less than one-half of
a Common Share. It is expected that the Consolidation will reduce the number of outstanding
Common Shares from appro ximately 84,316,346 Common Shares to approximately 28,105,449
post-consolidation Common Shares on a non-diluted basis. No fractional Common Shares will be
issued under the Consolidation.
Furthermore, Montan is pleased to announce that Fatih Akarsu is joining the Board of Directors
of the Company. Mr. Akarsu is currently head of Corporate Development of the Company. He is
also a financial prof essional in private and public sectors since 2010. Mr. Akarsu was
previously head of Corporate relations with Pasinex Resources Ltd. in 2013 and is currently the
President and Chief Executive Officer of Cantur Capital.
On behalf of the Board of Montan.
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
About Montan Mining Corp.
Montan Mining Corp. is an emerging gold producer focusing on monetizing mining assets in Peru.
The company is backed by an experienced management team with diverse technical, market, and
finance expertise and is supported by committed and sophisticated in vestors focused on building
long term value for shareholders.
For more information, please visit the corporate website at http://www.montanmining.ca or
contact:
Investor Contact:
Luis F. Zapata
Executive Chairman
Email: [email protected]
Tel: +1-604-358-1382
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY F OR THE ADEQUACY OR ACCURACY OF
THIS NEWS RELEASE.
Forward-Looking Statements: Certain statements in this press release are forward -looking statements within the
meaning of applicable securities laws. Forward-looking statements in this press release include that we will close our
acquisition an operation ready gold mine and gold processing plant in the southern Peruvian mining district of
Caraveli under a Share Exchange Agreement with Chazel Capital Inc. for the purchase of its 100% owned Peruvian
subsidiary Cerro Dorado S.A.C.. Such forward-looking statements and information are subject to risks, uncertainties
and other factors which may cause our actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or a chievements expressed or implied by such forward -
looking statement. Specific risks included that we may not be able to complete any necessary future financing, or to
finance our intended acquisition. We may not be able to become profitable even if we are p roducing and milling to
capacity, profitability depends on revenues and expenses which are not completely controllable; we may not be able
to secure mineral feed from other miners; and we may not be able to restart production because of technical or
expense issues.