Silver Mountain Announces Share Consolidation and Board Appointment
SILVER MOUNTAIN ANNOUNCES SHARE CONSOLIDATION AND BOARD APPOINTMENT
June 19th, 2020 - Calgary, Alberta – Silver Mountain Mines Inc. (TSX-V: SMM) ("SMM" or the “Company”)
announces today that it intends to complete a consolidation of its issued and outstanding common shares
(“Common Shares”) on the basis of 1 new Common Share for every 15 Common Shares presently issued and
outstanding as previously voted and approved by way of a special resolution approving the consoli dation (the
"2017 Share Consolidation"), the full text of which is set forth in the Management Information Circular
accompanying this Notice Completion of June 29th, 2017. The Company should benefit from a higher stock
price, which leads to greater marketability of the stock, tighter share structure and the company as a whole.
The Company will provide additional details regarding a new CUSIP number for its Common Shares to distinguish
between the pre- and post-consolidated Common Shares. The Company’s name and trading symbol will remain
unchanged. Following the completion of the Common Share consolidation, the Company will have approximately
3,216,767 Common Shares issued and outstanding.
Upon completion of the consolidation, letters of transmittal describing the details of the share consolidation and
the process by which shareholders obtain actual share certificates representing the consolidated Common Shares
will be mailed to the Company’s registered shareholders. Registered shareholders will also be able to obtain copies
of the letter of transmittal by contacting their brokers or other intermediary, or the Company’s transfer agent, TMX
Trust.
Shareholders who hold their shares through thei r broker or other intermediary and do not have actual share
certificates registered in their name will not be required to complete and return a letter of transmittal. Any pre -
consolidation of Common Shares owned by such shareholders will automatically be a djusted as a result of the
share consolidation to reflect the applicable number of post-consolidation Common Shares owned by them and no
further action is required to be taken by such shareholders. If, because of the consolidation, a shareholder becomes
entitled to a fractional share, such fractions will be rounded to the nearest whole Common Share.
“We are very pleased to announce the appointment o f Maria Nathanail to our Board of Directors,” commented
Vince Goegan, SMM’s Chairman of the Board. Maria is a partner in one of Canada’s leading law firms and brings
capital markets , securities regulation, governance, business, and corporate commercial law experience to the
Board. She represents several public and private clients in domestic and international tran sactions ensures
compliance with corporate and securities regulatory requirements relating to stock exchanges. The appointment is
subject to customary review by the TSX Venture Exchange.
About Silver Mountain Mines Inc. (TSX-V: SMM)
Silver Mountain Mines Inc. is a Canadian based exploration and development company with 100% ownership of
mineralization: silver rich, high -grade polymetallic epithermal veins and manto style massive / semi -massive
sulphide mineralization. For further information on Silver Mo untain Mines Inc. please visit the Company’s
website http://www.silvermountainmines.com and SEDAR (www.sedar.com) or contact Mr. Steve Konopelky,
Director of the Company at (403-229-9140).
ON BEHALF OF THE BOARD
"Signed
Steve Konopelky,
Director