Canadian Metals receives Shareholder Approval for Share Consolidation
LEGAL_31815559.2
Canadian Metals Inc. CSE: CME
CANADIAN METALS RECEIVES SHAREHOLDER APPROVAL
FOR SHARE CONSOLIDATION
September 5, 2019 Montréal, Québec. - Canadian Metals Inc. (“CME” or the
“Company”) (CSE: CME) announces that it has received strong support from its
shareholders for the consolidation of its common shares on the basis of one new common
share (each, a “New Share”) for up to ten common shares outstanding (each, an “Existing
Share”). Of the votes cast by shareholders at the CME special shareholder meeting,
93.1% voted in favor of Consolidation.
The Board has established that the Company will proceed on the basis of one New Share
for every ten Existing Share ( the “Consolidation”) and expect the Consolidation to be
effective on or about September 16, 2019.
CME will advise shareholders when the Consolidation will occur and a letter of transmittal
will be sent by mail to shareholders advising that the Consolidation has taken effect and
instructing shareholders to surrender the certificates evidencing their Existing Shares for
replacement certificates representing the number of New Shares to which they are entitled
as a result of the Consolidation.
Post Consolidation the Company will have 13,229,119 New Shares outstanding. The
change in the number of issued and outstanding common shares that will result from the
Consolidation will not materially affect any shareholder’s percentage ownership in CME,
although such ownership would be represented by a smaller number of common shares.
Further details regarding the Consolidation are contained in the Company ’s Information
Circular dated August 1, 2019, which has been filed under the Company’s profile on
SEDAR at www.sedar.com.
About Canadian Metals Inc.
Canadian Metals is a diversified resource company focused on creating shareholder value
through the development of large-scale mineral deposits in specific commodities and safe
jurisdictions.
For more information, please contact:
Gérald Panneton
Chairman & CEO
Email: [email protected]
LEGAL_31815559.2
Stéphane Leblanc
Vice President Corporate Development
Email: : [email protected]
(418) 717-2553
Website: www.canadianmetalsinc.com
Cautionary Statements Regarding Forward-Looking Information
Certain statements in this news release constitute "forward -looking" statements. These statements relate to
future events or our future performance. Forward -looking statements include the completion of the
Consolidation and the statement that the Consolidation will permit CME to reduced future dilution from the
ability to raise additional capital at a higher price per share. All such statements involve substantial known and
unknown risks, uncertainties and other factors which may cause the actual results, p erformance or
achievements to vary from those expressed or implied by such forward -looking statements. Forward-looking
statements reflect current expectations regarding future events and operating performance and speak only as
of the date of this news rele ase. Forward-looking statements involve significant risks and uncertainties, they
should not be read as guarantees of future performance or results, and they will not necessarily be accurate
indications of whether or not such results will be achieved. A nu mber of factors could cause actual results to
differ materially from the results discussed in the forward-looking statements, including, but not limited to, that
the closing will not occur. Although the forward -looking statements contained in this news release are based
upon what management of the Company believes are reasonable assumptions on the date of this news
release, the Company cannot assure investors that actual results will be consistent with these forward-looking
statements. These forward -looking statement are subject to certain risks and uncertainties and other risks
detailed from time-to-time in CME's ongoing filings with the securities regulatory authorities, which filings can
be found at www.sedar.com. These forward-looking statements are made as of the date of this news release
and CME disclaims any intent or obligation to update any forward -looking statement, whether as a result of
new information, future events or otherwise, unless required by applicable securities laws..
Neither the CSE nor its Regulation Services Provider accepts r esponsibility for the adequacy or accuracy of
this release.