Business
Carlin Announces Effective Date of Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2023) - Carlin Gold Corporation (TSXV: CGD...
About this update from Carlin Gold Corporation
[{"type":"text","content":"Carlin Announces Effective Date of Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - June 5, 2023) - Carlin Gold Corporation (TSXV: CGD) (the \"Company\" or \"Carlin\") is pleased to announce that, further to the Company's press release on May 30, 2023, it is proceeding with a consolidation of its issued and outstanding share capital on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares (the \"Consolidation\"). No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 142240209 and the new ISIN number will be CA1422402091. The Company's name and stock symbol will remain unchanged following the Consolidation.The Consolidation is subject to final confirmation by the TSX Venture Exchange (the \"Exchange\"). The Consolidation will be effective at the opening of markets on June 8, 2023. As a result of the Consolidation, it is expected that the 88,939,464 common shares which are currently issued and outstanding will be reduced to approximately 8,893,946 common shares, subject to rounding.Shareholders who hold their common shares through a securities broker or other intermediary and do not have common shares registered in their name will not be required to take any measures with respect to the Consolidation. Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidated common shares to the Company's transfer agent, Computershare Investor Services, will receive a certificate representing the post-consolidated common shares.About CarlinCarlin controls two 100% owned gold exploration properties in Nevada, the Cortez Summit property and Willow property, both containing Carlin-style gold targets.Cortez Summit lies about 1 kilometer north-east of the north end of Nevada Gold Mines' (\"NGM\") Goldrush deposit and east of Barrick Gold Corporation's (\"Barrick\") Fourmile resource. The Goldrush deposit, currently under development, has a reported underground mineral resource with 6.6 million oz grading 7.8 g/t. indicated and 1.2 million oz grading 7.6. g/t Au inferred, for an attrib...