VANCOUVER, BC, Sept. 8,
2023 /CNW/ - Leviathan Gold Ltd. ("Leviathan",
the "Company") (TSXV: LVX) (Germany: 0GP) announces that the Board of
Directors of the Company has authorized the implementation of a
consolidation of the Company's issued and outstanding common shares
on the basis of one (1) post-consolidation common share for every
five (5) pre-consolidation common shares (the "Consolidation").
Currently, the Company has 99,783,831 common shares issued and
outstanding, and upon consolidation, there will be approximately
19,956,766 common shares issued and outstanding.
The Consolidation is subject to TSX Venture Exchange approval.
The effective date and further details of the Consolidation will be
disclosed in a subsequent news release following receipt of all
requisite approvals.
On behalf of the Company,
Luke Norman, Chief Executive
Officer and Director
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. No securities regulatory authority has
either approval or disapproved of the contents of this press
release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States
unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is
available.
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release, including with respect to geological
prospects of Leviathan's mineral projects, planned exploration
activities, success of exploration activities, the relevance of
historical information, the continuation of
mineralization, the relevance of comparable projects, the
timing of exploration activities, general business and economic
conditions; that applicable approvals are obtained; that qualified
workers, financing, permits, approvals, and equipment are obtained
in a timely manner; that market conditions continue; that
contractual counterparties perform their obligations as required;
and that Leviathan is able to locate sufficient financing for
favourable ongoing operations. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Leviathan cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
many material factors, many of which are beyond Leviathan's
control. Such factors include, among other things: risks and
uncertainties relating to whether exploration activities will
result in commercially viable quantities of mineralized materials;
the possibility of changes to project parameters as plans continue
to be refined; the ability to execute planned exploration and
future drilling programs;COVID-19; the ability to obtain qualified
workers, financing, permits, approvals, and equipment in a timely
manner or at all and on reasonable terms; changes in the commodity
and securities markets; non-performance by contractual
counterparties; and general business and economic conditions,
Accordingly, actual and future events, conditions and results may
differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward-looking
information. Although Leviathan has attempted to identify important
risks and factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors and risks
that cause actions, events or results not to be as anticipated,
estimated or intended. Consequently, undue reliance should not be
placed on such forward-looking statements. In addition, all
forward-looking statements in this press release are given as of
the date hereof. Leviathan disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, save and
except as may be required by applicable securities laws. The
forward-looking statements contained herein are expressly qualified
by this disclaimer.
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SOURCE Leviathan Gold Ltd
