Vatic Announces Roll-Back, Update ON Drilling Program
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1500-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
CANADA
PHONE: (778) 373-6972
FAX: (604) 689-1288
EMAIL: [email protected]
VATIC ANNOUNCES ROLL-BACK, UPDATE ON DRILLING PROGRAM
Vancouver, BC, April 13, 2018 – Vatic Ventures Corp. (TSXV: VCV and Frankfurt: V8V) (the
“Company” or “Vatic”) is pleased to announce that, subject to all regulatory approvals, it intends
to amend its share structure by consolidating its issued and outstanding common shares on the
basis of one (new) post consolidation share for each three (old) pre-consolidation shares (the
“Consolidation”).
The board of directors of the Company believes that the Consolidation is necessary to better
position the Company for future corporate development opportunities and financing
transactions. There will be no name change in conjunction with the Consolidation.
The Company currently has 54,673,873 common shares issued and outstanding. Following
the Consolidation, it is anticipated that the Company will have approximately 18,224,624
common shares issued and outstanding, and continue to trade on the TSX Venture Exchange
under the existing stock symbol “VCV”.
The exercise or conversion price and the number of common shares issuable under any of the
Company's outstanding warrants and stock options will be proportionately adjusted to reflect
the Consolidation in accordance with their respective terms thereof. No fractional common
shares will be issued pursuant to the Consolidation, and any fractional common shares that
would otherwise be issued will be rounded down or up to the nearest whole number.
ON BEHALF OF THE BOARD OF DIRECTORS.
Nasim Tyab, Director.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company and continues to
assess new opportunities and prospects.
"Neither the 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." The information contained herein contains "forward-looking
statements" within the meaning of applicable securities legislation. Forward-looking statements
relate to information that is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet deter minable. Any statements that express predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be "forward -looking
statements." Forward-looking statements are subject to a variety of risks and uncertainties that
could cause actual events or results to differ from those reflected in the forward -looking
statements. Investors are cautioned against attributing undue certainty to forward -looking
statements. These forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company's expectations
or projections.