Moneta Announces Company NAME Change to Moneta GOLD and Completion of Share Consolidation
1
NEWS RELEASE – 14/2021 Symbol: TSX: ME FOR IMMEDIATE RELEASE
MONETA ANNOUNCES COMPANY NAME CHANGE TO MONETA GOLD AND
COMPLETION OF SHARE CONSOLIDATION
Toronto, Ontario – August 24, 2021 - Moneta Porcupine Mines Inc. (TSX:ME) (OTCQX:MEAUF)
(XETRA:MOP) (“Moneta” or t he “Company”) is pleased to announce that it has changed its name to
Moneta Gold Inc. Concurrently with this name change, the Company has completed its previously
announced consolidation of its issued and outstanding common shares at a ratio of six pre-consolidation
common shares to one post-consolidation common share (the “Consolidation”).
Moneta Gold Inc.
The Company’s new corporate rebranding and name change to Moneta Gold reflect a strong focus on the
expansion and development of its Tower Gold project, one of the largest undeveloped gold projects in
North America. The name change to Moneta Gold is effect ive immediately and the Company's website
will be changed to www.monetagold.com.
Gary O’Connor, CEO of the Company, commented, “Our new name reflects our focus to establish Moneta
Gold as one of Canada’s premier gold companies that brings value to our shareholders and continued
benefits to all stakeholders. Moneta is one of the longest listed companies on the Toronto Stock Exchange.
As such, the company want s to preserve the name Moneta as well as highlight our focus on developing
new and enlarged underground and open pit gold resources in this prolific gold camp . We look forward
to providing new drill results and updated mineral resource estimates in the coming months.”
Share Consolidation
As Moneta continues to grow and demonstrates its potential to expand mineral resources and the value
of its deposits, it was evident that the Company would benefit from a common share consolidation to
attract larger institutional investors as well as qualifying to list on larger stock exchanges. The
Consolidation has reduced the number of issued and outstanding common shares from 559,221,609 to
93,203,602. No fractional common shares were issued, and no cash consideration was paid, in connection
with the Consolidation. If, as a result of the Consolidation, a holder of common shares was otherwise
entitled to a fractional common share, such fraction was rounded down to the nearest whole number and
each holder of common shares who otherwise would have been entitled to receive a fractional common
share received no further interest in the Company with respect to its fractional common s hare. As is
customary, to reflect the Consolidation, all outstanding warrants and incentive stoc k options w ill be
adjusted to increase their exercise price by a factor of six and to reduce the number of common shares
issued upon exercise by dividing by six.
The Company expects common shares to begin trading on a post-Consolidation basis on the Toronto Stock
Exchange as of the opening of trading on or about August 26, 2021.
2
Shareholders of the Company who hold uncertificated common shares (that is common shares held in
book-entry form and not represented by a physical common share certificate), either as registered holders
or beneficial owners, will have their existing book -entry account(s) electronically adjusted by the
Company's transfer agent, Computershare or, in the case of beneficial shareholders, by their brokerage
firms, banks, trusts or othe r nominees that hold in street name for their benefit. Such holders generally
do not need to take any additional actions to exchange their pre-Consolidation common shares for post-
Consolidation common shares . If you hold your common shares with such a ban k, broker or other
nominee, and if you have questions in this regard, you are encouraged to contact your nominee.
Registered shareholders holding common share certificates will be mailed a letter of transmittal on or
about August 24, 2021, advising of the Consolidation and instructing them to surrender the common share
certificates representing pre -Consolidation common shares for replacement certificates or a direct
registration advice representing their post -Consolidation common shares . Until surrendered for
exchange, each common share certificate formerly representing pre -Consolidation common shares will
be deemed to represent the number of whole post-Consolidation common shares to which the holder is
entitled as a result of the Consolidation.
Shareholders can contact Computershare at 1-800-564-6253 for further information and to answer your
questions.
Alternatively, you can email Computershare at: https://www.computershare.com/ca/en
About Moneta
Moneta is a TSX -listed Canadian based gold exploration company focussed on the development of gold
resources in the Timmins Gold Camp, Ontario. Moneta is focussed on developing its flagship gold project,
the multi-million ounce Tower Gold project created by the combination of the adjacent Golden Highway
and Garrison deposits.
Moneta is well financed and owns a 100% interest in all its gold resources in Ontario. Moneta trades on
the main TSX exchange (TSX:ME) and OTC markets (OTCQX:MEAUF). Moneta is focusse d on delivering
value to shareholders and long-term benefits to all stakeholders.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gary V. O’Connor, CEO
416-357-3319
Linda Armstrong, Investor Relations
647-456-9223
The Company’s public documents may be accessed at www.sedar.com. For further information on the Company, please visit our current
website at www.monetaporcupine.com or email us at [email protected]
This news release includes certain forward -looking information and forward -looking statements, collectively “forward -looking
statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are frequently
identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future
events and results. Forward-looking statements include, but are not limited to information with respect to the future performance
of the business, its operations and financial performance and condition such as the Company’s drilling program and the timing
and results thereof; further steps that might be taken to mitigate the spread of COVID-19; the impact of COVID -19 related
disruptions in relation to the Corporation's business operations including upon its employees, suppliers, facilities and othe r
3
stakeholders; uncertainties and risk that have arisen and may arise in relation to trav el, and other financial market and social
impacts from COVID-19 and responses to COVID 19. and the ability of the Company to finance and carry out its anticipated goals
and objectives.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information
is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices, competiti ve risks and the availability of financing, as described in
more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those
projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to
revise or update these forward-looking statements.