Opawica Announces Consolidation of Shares
300 – 555 W. Georgia Street, Randall Building, Vancouver, BC Canada V6B 1Z6 T (604)681-3170, F (604)681-3552, [email protected] www.opawica.com
OPAWICA ANNOUNCES CONSOLIDATION OF SHARES
Vancouver, BC – March 17, 2016 - Opawica Explorations Inc. (“OPW” / the “Company”) (TSXV: OPW) wishes to announce that effective at the opening of markets on March 18, 2016, the Company will consolidate its common shares (the “Shares”) on the basis of one (1) post‐consolidated Share for every four (4) pre‐consolidated Shares held (the “Consolidation”). The new CUSIP number will be 683476402 and the new ISIN number will be CA 6834764020. The Company’s name and stock symbol will remain unchanged following the Consolidation.
The Consolidation was approved by the board of directors in accordance with the Company’s Articles and has received the approval of the TSX Venture Exchange. No fractional Shares will be issued under the Consolidation as fractional Shares will be rounded to the nearest whole number. The Company currently has 22,661,874 common shares issued and outstanding and immediately following the Consolidation will have approximately 5,665,497 common shares issued and outstanding.
Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company. All shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated Shares to the Company’s transfer agent, Computershare Investor Services Inc., will receive a certificate representing the post-consolidated Shares.
FOR FURTHER INFORMATION CONTACT:
Fred Kiernicki President and Chief Executive Officer Opawica Explorations Inc.
Telephone: 604-681-3170 Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.