Getchell Gold Updates on Trading Halt
Getchell Gold Updates on Trading Halt
Burlington, Ontario- (January 14, 2019) – Further to its January 6, 2019 press release, Getchell
Gold Corp. (CSE: GTCH) ("Getchell Gold" or the "Company") reconfirms to shareholders that
the share consolidation (the "Consolidation") of Getchell Gold’s issued and outstanding
common shares (the "Common Shares") was announced October 29, 2018. The Consolidation
was on the basis of one (1) post-Consolidation Common Share for every six (6) pre-Consolidated
Common Shares held by Getchell Gold (formerly Wabi) shareholders. The Consolidation was
not processed for the reasons presented in the January 6, 2019 press release.
Prior to the resumption of trading on December 3, 2018, the Company completed a treasury
issuance (the “Share Issuance”) to the former Buena Vista Gold Inc. shareholders on a post-
Consolidated basis (1:1); pursuant to the acquisition of Buena Vista Gold Inc. as approved at the
Annual and Special meeting of Shareholders of the Company held on October 26, 2018. The
Share Issuance was completed under Getchell Gold’s pre-consolidation security identifier
erroneously and as a result some of these certificates were deposited by dealers to their accounts
at the Canadian Depository for Securities (“CDS”) under the pre-consolidated security identifier.
A trading halt was issued on December 18, 2018 to protect the integrity of the market.
CDS has advised the Company that during the halt trade period, CDS identified the erroneous
deposits made from November 3, 2018 through December 18, 2018 and on January 6, 2019
corrected the erroneous deposits to reflect pre-Consolidation positions under the pre-
Consolidation security identifier and immediately thereafter, processed the consolidation.
All buyers of Common Shares during the December 3 through 18, 2018 trading period are
encouraged to check their respective brokerage accounts to determine if their purchased
Common Shares were consolidated on a 1-for-6 basis after the purchase. The Canadian
Depository for Securities (CDS) will provide additional transaction detail to the brokers upon
request.
Getchell Gold expects the halt trade on the Common Shares to be lifted on or about Tuesday,
January 15, 2019.
For further information contact:
William Wagener, CEO
+1 303 517 8764
Peter M. Clausi, President
+1 416 890 1232
The Canadian Securities Exchange has not r eviewed this press release and does not accept responsibility
for the adequacy or accuracy of this news release. Not for distribution to U.S. news wire services or
dissemination in the United States.
This news release contains certain statements that constitute forward-looking statements as they relate
to the Company and its management. Forward -looking statements are not historical facts but represent
management’s current expectation of future events, and can be identified by words such as "believe",
"expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar
expressions. Although management believes that the expectations represented in such forward -looking
statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward -looking statements include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking statements are set out in this new
release, the Company will also set out the material risk factors or assumptions used to develop the forward-
looking statements. Except as expressly required b y applicable securities laws, the Company assumes no
obligation to update or revise any forward -looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors, including, but not limited to: reliance on
key personnel; risks of future legal proceedings; income tax matters; availability and terms of financing;
distribution of securities; effect of market interest rates on price of securities, and potential dilution.