VANCOUVER, BC, May 5, 2021 /CNW/ - Clear Gold Resources
Inc. (the "Company" or "Clear Gold") (NEX: CFA.H) announces that it
plans to consolidate its issued and outstanding common shares at a
ratio of ten (10) pre-consolidated shares to one (1)
post-consolidation share (the "Consolidation"). The purpose
of the Consolidation is to facilitate the Company's ability to
attract future financings, generate greater investor interest and
improve trading liquidity.
The Company currently has 16,897,959 common shares issued and
outstanding. Upon completion of the Consolidation, the
Company will have1,689,796 common shares issued and
outstanding.
In accordance with the Company's Articles, the Consolidation
will not require the approval of the shareholders.
The Consolidation is subject to the acceptance of the TSX
Venture Exchange.
Forward-Looking Statements
This press release contains forward-looking statements that
relate to Clear Gold's plans, objectives and
estimates within the meaning of the federal securities laws,
including statements concerning financial projections, financing
activities, product development activities and sales and licensing
activities. Such forward-looking statements are not guarantees of
future results or performance, are sometimes identified by words of
condition such as "should," "could," "expects," "may," "plans," or
"intends," and are subject to a number of risks and uncertainties,
known and unknown, that could cause actual results to differ
materially from those intended or anticipated. Such risks include,
without limitation: problems securing the necessary financing to
continue operations, failure to identify a suitable transaction or
consummate the transaction on acceptable terms or at all. To the
extent permitted by applicable law, Clear
Gold makes no commitment to update any forward-looking
statement or to disclose any facts, events, or circumstances after
the date of this release that may affect the accuracy of any
forward-looking statement.
On behalf of the Board of Directors,
Jeremy Ross, Chief Executive
Officer
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.
SOURCE Clear Gold Resources Inc.