VANCOUVER, Jan. 22, 2015 /CNW/ - On January 21, 2015, the Board of Directors of
Fire River Gold Corp. (the "Corporation") (NEX:FAU.H)
approved the share consolidation previously approved by the
shareholders of the Corporation (the "Shareholders") at the annual
and special meeting of Shareholders held on November 6, 2014.
Subject to receipt of NEX approval, the Articles of the
Corporation will be amended to consolidate (the "Consolidation")
the issued and outstanding common shares of the Corporation on the
basis of one (1) post-Consolidation common share for every one
hundred (100) pre-Consolidation common shares, resulting in
approximately 3,161,570 common shares issued and outstanding.
No fractional post-Consolidation common shares will be issued
and no cash consideration will be paid by the Corporation in place
of fractional common shares resulting from the Consolidation.
Any fractional common shares resulting from the consolidation will
be rounded up or down, as the case may be, to the nearest whole
number, in accordance with the provisions of Section 83 of the
Business Corporations Act (British
Columbia).
The Board has concluded that the Consolidation is in the best
interests of Corporation as it will position the Corporation to
obtain financing and pursue acquisition opportunities in the
mineral exploration sector.
Subsequent to NEX approval, letters of transmittal will be sent
to Shareholders to be utilized to exchange their common shares for
new common shares on a post-Consolidation basis.
The Corporation is not changing its name at this time.
FIRE RIVER GOLD CORP.
"Blane W. Wilson"
Blane W. Wilson
President and CEO
The TSX Venture Exchange, NEX, 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
SOURCE Fire River Gold Corp.