JNC Resources Consolidation & Name Change to RooGold Inc.
JNC RESOURCES CONSOLIDATION & NAME CHANGE TO ROOGOLD INC.
VANCOUVER, BC – September 14, 2021 – (CSE: JNC) (OTC: JNCCF) (Frankfurt: 5VH) –JNC
Resources Inc. (“ ROOGOLD” or the “ Issuer”) announces that it is proceeding with a
consolidation (“ Consolidation”) of its capital on a 1:2 basis (1 new (“ New”) common share
(“Share”) for 2 existing common shares) and name change (“ Name Change”) to RooGold Inc.,
subject to Canadian Securities Exchange (“ CSE”) approval. The ROOGOLD Shares will trade
under the symbol ROO.
The Issuer currently has 109,411,000 common shares issued and outstanding and post-
Consolidation it will have 54,705,500 common shares issued and outstanding. The reason for the
Consolidation is to assist with ongoing corporate finance efforts. The Consolidation has been
approved by the Directors (the “Consolidation and Name Change Resolution”), and pursuant to
the Issuer’s constating documents and CSE requirements does not require shareholder approval.
The Issuer is applying to the CSE to have the Consolidation effected Thursday September 16, 2021
(Record Date Friday September 17, 2021) with the bulletin issued by the CSE confirming the
Consolidation and the date that the shares of JNC will commence trading on a post-Consolidation
basis. Letters of Transmittal will be sent to the Issuer’s registered shareholders (“ Shareholders”)
with respect to the Consolidation with instructions as to how registered shareholders can obtain
New ROOGOLD Shares for their existing shares of the Issuer. The calculation of New Issuer
Shares to which Shareholders are entitled will be rounded down to the nearest whole number.
About ROOGOLD
ROOGOLD is a Canada-based junior venture mineral exploration Issuer which is uniquely
positioned to be a dominant player in New South Wales, Australia (NSW) through a growth
strategy focused on the consolidation and exploration of highly mineralized precious metals
properties in this prolific region of Australia. Through its acquisition of Southern Precious Metals
Ltd., RooGold Ltd. and Aussie Precious Metals Corp properties, the Issuer will command a
portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 and
that is home to 137 historic mines and prospects.
For further information please contact:
Michael Mulberry
T: 778-855-5001
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of applicable securities law.
Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”,
“intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or
conditions “may” or “will” occur.
Although the Issuer believes that the expectations reflected in applicable forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking
statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.