Imetal Confirms Effective Date FOR Share Consolidation
iMETAL CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION
VANCOUVER, British Columbia – September 2, 2020 – iMetal Resources Inc. (TSX.V: IMR) (“iMetal”
or the “Company”) announces that effective at the close of business on September 3, 2020 it will
consolidate its common share capital on a five-for-one basis (the “Consolidation”). Effective at the
opening of markets on September 4, 2020, the common shares of the Company will commence trading
on a post-Consolidation basis under the existing ticker symbol “IMR”.
The Consolidation is intended to facilitate a non-brokered private placement being completed by the
Company, and as announced on August 27, 2020. The Company currently has 118,455,100 common
shares outstanding. Following completion of the Consolidation, it is expected to have approximately
23,691,020 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. S hareholders who would
otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number
of common shares and no cash consideration will be paid in respect of fractional shares. Registered
holders of common shares of the Company will receive a letter of transmittal from Computershare Trust
Company of Canada with instructions on how to exchange existing share certificates for new post-
Consolidation share certificates.
About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration and development of its portfolio
of resource properties in Ontario and Quebec. iMetal is focused on advancing its Gowganda West Project
that borders the Juby Project, an advanced exploration-stage gold project located within the Shining Tree
area in the southern part of the Abitibi greenstone belt about 100 km south-southeast of the Timmins
gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Johan Grandin
Chief Executive Officer
iMetal Resources Inc.
Tel. (604-739-9713)
Suite 588, 580 Hornby Street, Vancouver, British Columbia, V6C 3B6.
https://imetalresources.ca
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.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than
statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and act ual
results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general
economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are
advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements
except as required under the applicable laws.