HALIFAX, June 28, 2017 /CNW/ - Antler Gold Inc.
("Antler" or the "Company") (TSXV: ANTL) is pleased
to announce that at the annual and special meeting held on
June 28, 2017, the shareholders
re-appointed the directors, namely Daniel
Whittaker, Carl Hansen,
Paul Sparkes and Jim Megann, to hold office until their
successors are duly elected or appointed. KPMG LLP has been
re-appointed as auditor of the Company until the next annual
meeting of shareholders or until its successor is duly appointed.
Shareholders also approved the Company's incentive stock option
plan as required under the rules and policies of the TSX Venture
Exchange ("Exchange").
In addition, the shareholders of the Company approved a share
split of the Company's issued and outstanding common shares
("Common Shares") on the basis of up to one and a half
(1.5) Common Shares for every existing Common Share ("Share
Split"), as the directors may determine, previously announced
on May 4, 2017. The board of
directors of the Company has determined to effect the Share Split
on the basis of one and a half (1.5) Common Shares for every
existing Common Share. Outstanding options will be adjusted on the
basis of the same ratio. The record date for the Share Split will
be July 11, 2017. The Company
anticipates that certificates or DRS advices representing the
additional Common Shares to be issued to shareholders as of the
record date will be mailed to shareholders on or about July 14, 2017. Any fractional shares resulting
from the Share Split will be cancelled. Pursuant to the rules of
the Exchange, the Common Shares will begin trading on a post-split
basis effective July 7, 2017, the
second trading day preceding the record date. Antler currently has
a total of 27,478,544 common shares issued and outstanding.
Following the Share Split, the Company will have up to 41,217,816
common shares issued and outstanding, subject to reduction for any
cancelled fractional shares. The Share Split is subject to final
approval of the Exchange.
Further details of the Share Split are contained in the
Company's Management Information Circular dated May 29, 2017, which has been filed and is
available on SEDAR under the Company's profile.
Following the AGM, the board of directors re-appointed all
executive officers and committee members, with the exception that,
to better reflect corporate governance best practices, Carl Hansen was appointed to the audit committee
to replace Daniel Whittaker. As a
result of this appointment, all members of the audit committee are
independent members of the board of directors.
CAUTIONARY STATEMENT:
This press release may contain forward-looking information, such
as statements regarding the final Exchange approval and the number
of shares outstanding following the Share Split. This information
is based on current expectations and assumptions (including
assumptions in connection with the continuance of the Company as a
going concern and general economic and market conditions) that are
subject to significant risks and uncertainties that are difficult
to predict. Actual results may differ materially from results
suggested in any forward-looking information. The Company assumes
no obligation to update forward-looking information in this
release, or to update the reasons why actual results could differ
from those reflected in the forward-looking information unless and
until required by securities laws applicable to the Company.
Additional information identifying risks and uncertainties is
contained in the Company's filings with the Canadian securities
regulators which filings are available at www.sedar.com.
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.
SOURCE Antler Gold Inc.
