Honey Badger Provides Update on Share Consolidation
NEWS RELEASE
July 10, 2017
Honey Badger Provides Update on Share Consolidation
Toronto, Ontario - July 10 , 201 7 – Honey Badger Exploration Inc. (TSX -V: TUF) (“Honey
Badger” or the “Company”), further to its press re lease of June 26, 2017, announces that the
TSX Venture Exchange (“TSXVE”) has approved a share consolidation of the Company’s issued
and outstanding common shares (the “Consolidation”) at a ratio of five (5) pre -consolidation
shares to one (1) post-consolidation share (the “Conversion Ratio”).
The Consolidation is expected to be effective at the open of market on Wednesday, July 12, 2017
(the “Effective Date”). The Company will not change its name as part of the Consolidat ion, but
will issue new share certificates under the new CUSIP number 438335200 (ISIN:
CA4383352008). No fractional shares will be issued in connection with the Consolidation. The
Company’s common shares will continue to trade on the TSXVE on a consolidated basis under
its current symbol “TUF”.
Honey Badger currently has 104,788,849 common shares issued and outstanding. As of the
Effective Date and after giving effect to the Consolidation, the Company will have
approximately 20,957,770 common shares issued and outstanding. Registered shareholders will
receive a letter of transmittal from TSX Trust Company, the Company’s transfer agent, with
information on how to exchange their pre-Consolidation share certificates for post-Consolidation
share certi ficates. Shares held in uncertificated form by non -registered shareholders through
brokerage accounts will be converted at the Conversion Ratio through each shareholder’s
brokerage accounts. Non -registered shareholders should consult their broker for furth er
information.
About Honey Badger Exploration Inc.
Honey Badger Exploration is an exploration company headquartered in Toronto, Ontario,
Canada with properties in Québec. The company's common shares trade on the TSX
Venture Exchange under the symbol "TUF".
For more information about the Company visit www.honeybadgerexp.com or contact:
Quentin Yarie, President & CEO, (416) 364-7029, [email protected]
Mia Boiridy, Investor Relations, (416) 364-7029, [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward -looking statements. In some cases, you can identify forward -looking
statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”,
“predicts”, “potential” or “continue” or t he negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks, uncertainties and other factors that may
cause our or our industry’s actual results, levels of activity, performance or a chievements to be materially
different from any future results, levels of activity, performance or achievements expressed or implied by these
forward-looking statements.
Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release. The Company disclaims any intention or obligation to update or
revise any forw ard-looking information, whether as a result of new information, future events or otherwise,
other than as required by law.