Pacific North WEST Capital Applies FOR Share Consolidation and NAME Change to New Age Metals Inc.
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PACIFIC NORTH WEST CAPITAL APPLIES FOR
SHARE CONSOLIDATION AND NAME CHANGE TO NEW AGE METALS INC.
January 25, 2017 – Vancouver, British Columbia - Pacific North West Capital Corp. (“PFN”) (TSXV: PFN OTCQB: PAWEF
FSE: P7J) announces it has made application to the TSX Venture Exchange (the "Exchange") to implement a name
change and share consolidation to better reflect the Company’s business plan and its two mineral divisions . The
Company's Board of Directors have approved a name change of the Company from Pacific North West Capital to New
Age Metals Inc. In addition, due to market conditions , regulatory minimum pricing requirements for financings and
other considerations, the Board of Directors have also authorized a consolidation of the Company's issued and
outstanding shares on the basis of three (3) shares of Pacific North West Capital Corp. for one (1) new share of New Age
Metals Inc.
The 100,098,596 common shares currently issued and outstanding will be reduced to approximately 33,366,199 post-
consolidated common shares. The Company will not be issuing fractional shares as a result of the consolidation.
Instead, all fractional shares equal or greater to one -half will be rounded to the next whole share. The Company's
outstanding stock options and share purchase warrants will be adjusted accordingly upon completion of the
consolidation.
Upon receipt of regulatory approval, a letter of transmitt al will be sent to the registered shareholders providing
instructions to surrender the share certificates evidencing their pre -consolidated common shares for replacement
certificates of New Age Metals Inc. representing the number of post -consolidated common shares they are entitled to
as a result of the consolidation. Until surrendered, each certificate representing the pre -consolidated common shares
will be deemed to represent the number of post -consolidated common shares of New Age Metals Inc. that the h older
thereof is entitled to as a result of the consolidation.
The Name Change and Consolidation are subject to regulatory approval. The Company anticipates the transaction to
close early February, 2017. Until such regulatory approvals have been received , the pre -consolidated shares will
continue to trade on the TSX Venture Exchange under the current trading symbol "PFN".
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Sta tements: This release contains forward -looking statements that involve risks and uncertainties. These
statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of
historical fact may be deemed to be forward -looking statements. In addition, forward -looking statements include statements in which the Company uses
words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”,
“target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties , and actual results may differ
materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely
make available adequate current public information, additional or different regulatory and legal requirements and restriction s that may be imposed, and
other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent r eports that identify
important risk factors that could cause actual results to differ from those contained in the forward -looking statements. The Company does not undertake
any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward -looking statements to reflect
events or circumstances after the date hereof or to reflec t the occurrence of unanticipated events. Investors should not place undue reliance on forward -
looking statements.