Canstar Resources Inc. Announces Completion of Share Consolidation and Share Deconsolidation
canstar resources inc.
56 Temperance St. TSX-V: ROX
Suite 1000 www.canstarresources.com
Toronto, ON M5H 3V5
Tel: 647-557-3442 Fax: 647-557-3448
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NEWS RELEASE January 24, 2017
Canstar Resources Inc. Announces Completion of Share Consolidation and
Share Deconsolidation
Toronto, Ontario – January 24, 201 7. Canstar Resources Inc. (TSX-V: ROX) (the
“Company”) is pleased to announce that , following the approval of the Company’s
shareholders obtained on December 14, 2016, the Company has consolidated (reverse
split) its issued and outstanding common shares (the “Shares”) at a ratio of five hundred
(500) pre-consolidation common shares to one (1) post-consolidation common share (the
“Consolidation”), followed by an immediate deconsolidation (split) of common shares at
the ratio of one (1) pre-deconsolidation common share to five hundred (500) post-
deconsolidation common shares (the “Deconsolidation”).
The Company’s common shares commence d trading on the TSX Venture Exchange on a
post-deconsolidation basis on January 9, 2017. Letters of transmittal have been mailed to
all registered shareholders with instructions on how to exchange existing share
certificate(s) for new share certificate(s). After implementing the Consolidation and
Deconsolidation, the Company has 102,458,242 common shares issued and outstanding.
The Company’s new CUSIP number is 138081203 and its new ISIN number is
CA1380812034.
ON BEHALF OF THE BOARD OF DIRECTORS
Danniel J. Oosterman, P.Geo
President & CEO
Contacts:
Danniel J. Oosterman, P. Geo.
President & CEO
Karen Willoughby
Director Corporate Communications
T: 1-866-936-6766
Forward-Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release. This News Release includes certain "forward -looking statements". These
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statements are based on inf ormation currently available to the Company and the Company
provides no assurance that actual results will meet management's expectations. Forward -
looking statements include estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Forward-looking statements may be identified by such terms
as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "wi ll", or "plan".
Since forward -looking statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual results
relating to, among other things, results of exploration, project development, reclamation and
capital costs of the Company's mineral properties, and the Company's financial condition and
prospects, could differ materially from those currently anticipated in such statements for many
reasons such as: changes in ge neral economic conditions and conditions in the financial
markets; changes in demand and prices for minerals; litigation, legislative, environmental
and other judicial, regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities of the Company; and other
matters discussed in this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should be considered
carefully and readers should not place undue reliance on the Company's forward -looking
statements. The Company does not undertake to update any forward -looking statement that may
be made from time to time by the Company or on its beha lf, except in accordance with
applicable securities laws.