Business
G2 Goldfields Inc. (formerly Sandy Lake Gold Inc.) Announces Name Change and Share Consolidation
TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (formerly Sandy Lake Gold Inc.) (TSXV:SLAU) (the “Company”) announces that it has filed articles
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, April 04, 2019 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (formerly Sandy Lake Gold Inc.) (TSXV:SLAU) (the “Company”) announces that it has filed articles of amendment to (i) change its name from “Sandy Lake Gold Inc.” to “G2 Goldfields Inc.” (the “Name Change”); and (ii) consolidate the Company’s issued and outstanding common shares on the basis of one (1) new common share for every two (2) existing common shares (the “Consolidation”), all effective as of April 4, 2019. Shareholder approval of the Name Change and Consolidation was obtained at the Company’s annual and special meeting of shareholders held on February 12, 2019. In connection with the Name Change and Consolidation, the Company has sent letters of transmittal to holders of its common shares for use in transmitting their existing share certificates (“Existing Certificates”) to the Company’s registrar and transfer agent, TSX Trust Company, in exchange for new certificates (“New Certificates”) representing the number of post-Consolidation common shares to which such shareholder is entitled as a result of the Consolidation, and reflecting the Name Change. No delivery of a New Certificate to a shareholder will be made until the shareholder has surrendered its Existing Certificates. Until surrendered, each Existing Certificate shall be deemed for all purposes to represent the number of post-Consolidation common shares to which the holder is entitled as a result of the Consolidation. The common shares of the Company reflecting the Name Change and Consolidation will commence trading on the TSX Venture Exchange effective as of April 8, 2019, under the new symbol “GTWO”. For further information please contact: Patrick Sheridan Executive Chairman & CEO (416) 628-5904 Email: [email protected] Forward-Looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as \"forward-looking statements\") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific...