Volcanic Proposes Share Consolidation
VOLCANIC METALS CORP.
Suite 700, 510 West Hastings Street Vancouver, BC V6B 1L8 Tel: (604) 568-6312 / Fax: (604) 319-0447
For Immediate Release TSX-V: VOL
VOLCANIC PROPOSES SHARE CONSOLIDATION
January 28, 2013, Vancouver – Volcanic Metals Corp. (TSX.V: VOL) (the "Company") announces that it will, at its annual general meeting scheduled for April 2, 2013, be seeking shareholder approval for a proposed consolidation of its common shares on a ten for one basis.
The Company is currently unable to finance its further growth and development, given the current regulatory policies of the Exchange that restrict the pricing of financing transactions. The proposed share consolidation with allow the Company to seek financing at then prevailing market prices, enabling the Company to move forward with its business objectives. The completion of the consolidation is subject to the approval of the shareholders and the TSX Venture Exchange. The Company's name is not expected to change in conjunction with the consolidation.
To learn more, please visit the Company’s website at: www.volcanicmetals.com. For information on Volcanic Metals Corp. please contact:
On behalf of the Board of Directors
VOLCANIC METALS CORP.
/s/ Michael Iverson
Contact:
Michael Iverson Chief Executive Officer (604) 568-6312 http://www.volcanicmetals.com
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. which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Statements included in this announcement, including statements concerning our plans, intentions and expectations, Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking without limitation those relating to the Company's future operations and business prospects, are subject to certain
statements.
008236000-00107556; 1