Mag Copper Announces Consolidation
Mag Copper Limited
365 Bay Street, Suite 400, Toronto, Ontario M5H 2V1
MAG COPPER ANNOUNCES CONSOLIDATION
Toronto, Ontario – January 30, 2017 – Mag Copper Limited (the “Company”) (CSE: QUE) announces that it has filed
articles of amendment giving effect to the consolidation of its issued and outstanding common shares (“ Common
Shares”) on a one (1) for five (5) basis (the “Consolidation”).
The Consolidation was approved by shareholders at the annual and special meeting held on June 21, 2016. Subject
to final confirmation by the Canadian Securities Exchange (the “ CSE”), it is expected that the post -Consolidation
Common Shares will begin trading on the CSE on or about February 2, 2017 under its current symbol “QUE”.
The Consolidation will reduce the number of outstanding Common Shares from 23,947,516 to approximately
4,789,503. Proportionate adjustments will be made to the Company’s outstanding stock options. No fractional
Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise
been issued have been rounded down to the nearest whole number.
Letters of transmittal with respect to the Consolidation are being mailed to the Company’s registered shareholders.
All registered shareholders will be required to send their share certificates representing pre -Consolidation Common
Shares, along with a properly executed letter of transmittal, to the Company’s registrar and transfer agent, Capital
Transfer Services Inc. (the “Transfer Agent”), in accordance with the instructions provided in the letter of transmittal.
Shareholders who hold their Common Shares through a broker, investment dealer, bank or trust company should
contact that nominee or intermediary for assistance in depositing their Common Shares in connection with the
Consolidation.
The Company would also like to announce the resignations of Terry Loney, John Carter and Dan Weir. The board of
directors and management of the Company would like to thank Messrs. Loney, Carter and Weir for their contributions
and wish them every success in their future endeavours.
Lisa McCormack has been elected to the board of directors. Ms. McCormack is currently Corporate Secretary of
Barkerville Gold Mines Ltd. Prior thereto Ms. McCormack served as Corporate Secretary of Kerr Mines Inc. from
December 2013 to July 2016, Vice -President, Legal of Northern Gold Mining Inc. from October 2012 to June 2013,
Corporate Secretary of Trelawney Mining and Exploration Inc. from January 2011 to June 2012 and Corporate
Securities Law Clerk with Irwin Lowy LLP from August 2006 to December 2010 and from September 20, 2013 to
present.
For more information, please contact:
Chris Irwin, President
Mag Copper Limited
T: (416) 361-2516
www.mag-copper.com
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this
news release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming
work program s, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward -looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ mater ially from those
currently anticipated in such statements.