Cordoba Minerals to File for TSX-V Approval of a 2:1 Share Consolidation
24 April 2014 - 3:50AM
Marketwired
Cordoba Minerals to File for TSX-V Approval of a 2:1 Share
Consolidation
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2014) -
Cordoba Minerals Corp. (TSX-VENTURE:CDB) ("Cordoba" or the
"Company") reports that it will immediately be seeking TSX Venture
Exchange approval of the consolidation of the Company's issued and
outstanding share capital. The currently outstanding common shares
of Cordoba (the "Common Shares") will be consolidated on the basis
of one new Common Share for two existing Common Shares (the
"Consolidation"). In the event that the number of existing Common
Shares held by a shareholder is not evenly divisible by two, the
number of post-Consolidation Common Shares issued to such
shareholder shall be rounded up to the next greater whole number if
the fractional entitlement is equal to or greater than 0.5 and
shall be rounded down to the next lesser whole number if the
fractional entitlement is less than 0.5.
The proposed Consolidation was unanimously approved at the
Company's special meeting of shareholders held on March 25, 2014,
subject to implementation at the discretion of the Board of
Directors. The Consolidation was proposed as part of the
transaction agreement whereby Cordoba acquired by way of plan of
arrangement all of the issued and outstanding common shares of
Sabre Metals Inc. and all of the issued and outstanding common
shares of Cordoba Holdings Corp. it did not already own, and the
Board has now decided to proceed with the Consolidation.
The Company currently has outstanding 117,624,206 Common Shares,
35,516,874 warrants, 2,625,600 broker compensation options, and
2,481,201 incentive stock options. Post-Consolidation, the Company
will have outstanding 58,812,103 Common shares, 17,758,437
warrants, 1,312,800 broker compensation warrants, and 1,240,601
incentive stock options.
About Cordoba Minerals
Cordoba Minerals Corp. is a Vancouver-based mineral exploration
company focused on the exploration and acquisition of copper and
gold projects in Colombia. Cordoba currently owns 100% of the
highly prospective San Matias Project located near operating open
pit mines with ideal topography in the Department of Cordoba. For
further information, please visit www.cordobamineralscorp.com.
ON BEHALF OF THE COMPANY
Mario Stifano, President and CEO
Cordoba Minerals Corp.
Symbol: TSX-VENTURE:CDB
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain "forward-looking
information" within the meaning of Canadian securities legislation.
Forward-looking statements include predictions, projections and
forecasts and are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"forecast", "expect", "potential", "project", "target", "schedule",
budget" and "intend" and statements that an event or result "may",
"will", "should", "could" or "might" occur or be achieved and other
similar expressions and includes the negatives thereof. All
statements other than statements of historical fact included in
this release, including, without limitation, statements regarding
the potential of the Company's properties are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are
based on a number of material factors and assumptions. Important
factors that could cause actual results to differ materially from
Company's expectations include actual exploration results, changes
in project parameters as plans continue to be refined, future metal
prices, availability of capital and financing on acceptable terms,
general economic, market or business conditions, uninsured risks,
regulatory changes, delays or inability to receive required
approvals, and other exploration or other risks detailed herein and
from time to time in the filings made by the Company with
securities regulators. Although the Company has attempted to
identify important factors that could cause actual actions, events
or results to differ from those described in forward-looking
statements, there may be other factors that cause such actions,
events or results to differ materially from those anticipated.
There can be no assurance that forward-looking statements will
prove to be accurate and accordingly readers are cautioned not to
place undue reliance on forward-looking statements which speak only
as of the date of this news release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Cordoba Minerals Corp.Mario Stifano(416)
862-5253info@cordobamineralscorp.comwww.cordobamineralscorp.com
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