TSX-V: YMI
VANCOUVER, June 9, 2017 /CNW/ - Yellowhead Mining Inc.
("Yellowhead" or the "Company") (TSX-V: YMI), announces that it
has received the approval of the TSX Venture Exchange (the
"Exchange") to proceed with the 1 for 12 consolidation (the
"Consolidation") of its common shares (the "Common
Shares"). The Company was authorized to undertake a
consolidation of up to 1 for 12 of the Common Shares by its
shareholders at the annual general and special meeting of the
Company held on May 10, 2017, subject
to receipt of applicable approvals.
Accordingly, effective on June 12,
2017, the Common Shares are expected to commence trading on
the Exchange on a post-Consolidation basis. Following the
Consolidation, the Company will have 10,313,088 Common Shares
issued and outstanding.
The Company will mail a letter of transmittal ("Letter of
Transmittal") to its registered holders of Common Shares. The
Letter of Transmittal describes the process by which shareholders
may obtain new certificates representing their consolidated Common
Shares. The Letter of Transmittal must be completed and returned to
Computershare Investor Services Inc. ("Computershare") at
the address specified in the Letter of Transmittal. Questions on
how to complete the Letter of Transmittal, or requests for
additional copies of the Letter of Transmittal, may be directed to
Computershare at 1-800-564-6253 or by e-mail to
corporateactions@computershare.com. A copy of the Letter of
Transmittal may also be obtained from the SEDAR website at
www.sedar.com.
Shareholders that hold their Common Shares through a broker,
trust company or other intermediary do not need to complete and
submit a Letter of Transmittal, as their intermediary will make
arrangements on their behalf for their accounts to be updated for
the relevant number of post-consolidation Common Shares that they
beneficially hold.
About Yellowhead Mining Inc.
Yellowhead Mining Inc. is a development stage company with a
100% interest in the Harper Creek Project, located in the
North Thompson - Nicola region of
British Columbia, Canada.
Forward Looking Statements
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities laws. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements, including, among others, the accuracy of mineral grades
and related assumptions, inherent operating risks, planned
expenditures, proposed exploration and development at the Harper
Creek Project, operating and economic aspects of the Harper Creek
Project, as well as those risk factors identified in the Company's
Annual Information Form filed under the Company's SEDAR profile.
Yellowhead undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions
should change except as required by law. The reader is cautioned
not to place undue reliance on forward-looking statements. More
detailed information about potential factors that could affect
projected results is included in the documents filed from time to
time with the Canadian securities regulatory authorities by
Yellowhead.
Neither 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 Yellowhead Mining Inc.