LION ROCK Completes Share Consolidation
LION ROCK RESOURCES INC.
200 Burrard Street, Suite 1680
Vancouver, BC, V6C 3L6
LION ROCK COMPLETES SHARE CONSOLIDATION
VANCOUVER, BRITISH COLUMBIA – March 1, 2023 – Lion Rock Resources Inc. (TSX-V: ROAR),
(FSE: KGB1) (the “Company”) announces that at market open on Monday, March 6, 2023, its common
shares will begin trading on a 2.5 old for 1 new share consolidated basis. The Company’s trading symbol
will not be changed.
There are currently 44,171,815 common shares i ssued and outstanding. Upon completion of the
Consolidation, there will be approximately 17,668,726 common shares issued and outstanding. The exact
number of post-consolidated shares will vary dependi ng on the treatment of fractional shares, which will
occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any
fractional common shares as a result of the Consolidation. Instead, all fractional shares resulting from the
Consolidation will be rounded down to the nearest whole number. Outstanding stock options and share
purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted
accordingly.
Registered shareholders will receive a letter of tr ansmittal from the Company’s transfer agent, Odyssey
Trust Company, with instructions for exchanging th eir pre-consolidated shares. Shareholders who hold
their common shares through a broker or other interm ediary and do not have common shares registered in
their name, will not need to complete a letter of transmittal.
The Board of Directors approved the consolidation on February 16, 2023.
About Lion Rock Resources Inc.
Lion Rock Resources is northwestern Ontario's newest gold ‐copper explorer. The Company’s flagship
property, the Maybrun, is a past ‐producing mine (Maybrun gold ‐copper deposit) that was placed on care
and maintenance in 1974 for several years prior to an exploration program conducted by Opawica
Explorations Inc. in 2005. The Maybrun project is lo cated in the Atikwa Lake area of the Kenora Mining
Division, approximately 80 kilometres southeast of Kenora, in northwestern Ontario.
On Behalf of the Board
Kevin Bottomley President & Chief Executive Officer
O: 604 681 1568
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.