TORONTO, Feb. 27, 2020 (GLOBE NEWSWIRE) -- (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) – Goliath Resources Limited (the "Company" or "Goliath") announces that, further to its press release of January 7, 2020, the Company has filed articles of amendment to effect the share consolidation (the "Consolidation") of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every fifteen (15) pre-Consolidation Common Shares.
The Common Shares are expected to commence trading on the TSX Venture Exchange on a post-Consolidation basis on the opening of trading on March 2, 2020.
The Consolidation will reduce the number of Common Shares issued and outstanding from 121,410,110 Common Shares to approximately 8,094,007 Common Shares issued and outstanding.
The Company's transfer agent, Computershare Trust Company of Canada, has mailed a letter of transmittal to registered holders of Common Shares. The letter of transmittal contains instructions on how to exchange pre-Consolidation Common Shares for new certificates. Shareholders may also obtain a copy of the letter of transmittal by accessing the Company's SEDAR profile at www.sedar.com.
Shareholders who hold their shares in brokerage accounts or “street name” are not required to take any action to affect the exchange of their shares. No fractional shares will be issued under the share consolidation, and any fraction will be rounded to the nearest whole number.
The Company's new CUSIP number is 38171A209 and its new ISIN number is CA38171A2092. There is no name change and it will continue to trade under the same symbol “GOT”.
Shareholders have approved all other matters put before them at the Company's Annual and Special Meeting held on February 13, 2020.
About Goliath
Goliath Resources Limited is a project generator of precious metals projects focused in the prolific Golden Triangle and surrounding area of northwestern British Columbia.
Further information regarding Goliath Resources Limited can be found at:
www.goliathresourcesltd.com
Contact Information:
Roger Rosmus
Chief Executive Officer
roger@goliathresources.com
+1-416-488-2887 x222
General Disclaimer
Goliath Resources Limited "Goliath" has taken all reasonable care in producing and publishing information contained in this news release and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Goliath assumes no responsibility. Goliath does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Goliath be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.
Forward-Looking Statements
This news release contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
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