Business
Mineral Mountain Announces Share Consolidation Effective Date
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2016) - Mineral Mountain Resources Ltd. ("Mineral Mountain" or the "Company") (TSX VENTURE:MMV) is pleased
About this update from Badlands Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2016) - Mineral Mountain Resources Ltd. (\"Mineral Mountain\" or the \"Company\") (TSX VENTURE:MMV) is pleased to announce that the previously announced consolidation (the \"Consolidation\") of its common shares (the \"Common Shares\") on the basis of one (1) post-Consolidation Common Share for every five (5) pre-Consolidation Common Shares will be effective April 08, 2016 and trading of the Common Shares will commence on a consolidated basis on the TSX Venture Exchange (the \"TSX-V\") at the opening on such date. The Consolidation has been approved by the TSX-V, and a related bulletin will be issued by the TSX-V on April 11, 2016. The Company's outstanding incentive stock options will also be consolidated on the same basis as the Common Shares, with proportionate adjustments being made to exercise prices. A letter of transmittal was mailed to shareholders on April 06, 2016 advising that shareholders should surrender their existing share certificates (representing the pre-Consolidation Common Shares). Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of Common Shares to which the holder thereof is entitled as a result of the Consolidation. The Consolidation was undertaken to improve the trading liquidity of the Common Shares by reducing the number of outstanding Common Shares and to satisfy the terms of the Purchase and Sale Agreement entered into by the Company, as disclosed in the Company's news release of March 7, 2016. Prior to the Consolidation, the Company had 202,095,348 Common Shares outstanding. Following the Consolidation, the Company will have approximately 40.419,069 Common Shares outstanding. The Company's name will not be changed in conjunction with the consolidation. About Mineral Mountain and the Rochford and Holy Terror Projects Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources (SD) Inc., is focused on the exploration and, if warranted, the development of its 100%-owned Rochford Project situated along the highly prospective Homestake Gold Belt in the Black Hills of South Dakota, U.S.A. The Company, with its experienced technical team, has the benefit of a clear and successfully implemented exploration model that was applied at Homestake resulting in the 15 ...