Leviathan GOLD Announces Share Consolidation
LEVIATHAN GOLD ANNOUNCES SHARE
CONSOLIDATION
VANCOUVER, BC
,
Sept. 8, 2023
/CNW/ - Leviathan Gold Ltd. ("
Leviathan
", the "
Company
") (TSXV:
LVX) (
Germany
: 0GP) announces that the Board of Directors of the Company has authorized the
implementation of a consolidation of the Company's issued and outstanding common shares on the basis
of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the
"Consolidation"). Currently, the Company has 99,783,831 common shares issued and outstanding, and
upon consolidation, there will be approximately 19,956,766 common shares issued and outstanding.
The Consolidation is subject to TSX Venture Exchange approval. The effective date and further details of
the Consolidation will be disclosed in a subsequent news release following receipt of all requisite
approvals.
On behalf of the Company,
Luke Norman
, Chief Executive Officer and Director
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 for the adequacy or accuracy of this
release. No securities regulatory authority has either approval or disapproved of the contents of this
press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in
the United States
. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities laws and
may not be offered or sold within
the United States
unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release, including with respect to geological prospects of
Leviathan's mineral projects, planned exploration activities, success of exploration activities, the relevance
of historical information, the continuation of mineralization, the relevance of comparable projects, the timing
of exploration activities, general business and economic conditions; that applicable approvals are obtained;
that qualified workers, financing, permits, approvals, and equipment are obtained in a timely manner; that
market conditions continue; that contractual counterparties perform their obligations as required; and that
Leviathan is able to locate sufficient financing for favourable ongoing operations. These statements reflect
management's current estimates, beliefs, intentions and expectations. They are not guarantees of future
performance. Leviathan cautions that all forward looking statements are inherently uncertain and that
actual performance may be affected by many material factors, many of which are beyond Leviathan's
control. Such factors include, among other things: risks and uncertainties relating to whether exploration
activities will result in commercially viable quantities of mineralized materials; the possibility of changes to
project parameters as plans continue to be refined; the ability to execute planned exploration and future
drilling programs;COVID-19; the ability to obtain qualified workers, financing, permits, approvals, and
equipment in a timely manner or at all and on reasonable terms; changes in the commodity and securities
markets; non-performance by contractual counterparties; and general business and economic conditions,
Accordingly, actual and future events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward-looking information. Although
Leviathan has attempted to identify important risks and factors that could cause actual actions, events or
results to differ materially from those described in forward-looking statements, there may be other factors
and risks that cause actions, events or results not to be as anticipated, estimated or intended.
Consequently, undue reliance should not be placed on such forward-looking statements. In addition, all
forward-looking statements in this press release are given as of the date hereof. Leviathan disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, save and except as may be required by applicable securities laws.
The forward-looking statements contained herein are expressly qualified by this disclaimer.
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SOURCE
Leviathan Gold Ltd
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For further information:
please visit the Company website www.leviathangold.com or contact: Adam
Ross, Investor Relations, Direct: (604) 229-9445, Toll Free: 1(833) 923-3334, Email:
CO: Leviathan Gold Ltd
CNW 18:30e 08-SEP-23