Sandspring Resources Announces Continuation to B.C., Name Change to Gold X Mining Corp. and 8:1 Consolidation
Sandspring Resources Announces Continuation to B.C., Name Change to Gold X Mining Corp. and 8:1 Consolidation
  • Korea IT Times
  • 승인 2019.12.02 02:09
  • 댓글 0
이 기사를 공유합니다

DENVER and VANCOUVER, British Columbia, Nov. 28, 2019 (GLOBE NEWSWIRE/KOREA IT TIMES) -- Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXF) (“Gold X” or the “Company”) announces that it has continued its jurisdiction of incorporation into British Columbia and that the Board of Directors of the Company has approved a name change to “Gold X Mining Corp.” and a consolidation of its issued and outstanding share capital on the basis of one new common share for every eight outstanding common shares.

As a result, the outstanding common shares of the Company will be reduced to approximately 35,149,209. The consolidation will also apply to common shares issuable upon the exercise of the Company’s outstanding stock options and warrants. Effective at the opening of markets on Monday, December 2, 2019, the post-consolidation common shares of the Company will commence trading on the TSX Venture Exchange under the new symbol “GLDX”. No fractional shares will be issued under the consolidation and any fraction will be rounded to the nearest whole number.

The Company also announces a reorganization of its Board of Directors with the resignations of Mr. David Constable and Mr. Harry Pokrandt. The Board of Directors recognizes their contributions to the Company and wishes each of the resigning board members continued success in the future. Following their departure, the Company’s Board of Directors is comprised of Richard Munson, Greg Barnes, Gordon Keep, Bassam Moubarak, Suresh Beharry, David Laing, Federico Restrepo-Solano and Lombardo Paredes-Arena.

On behalf of the Board of Directors of Gold X Mining Corp.

“Richard A. Munson”
Director and Chief Executive Officer

About Gold X Mining Corp. Ltd.

Gold X Mining Corp. is a Canadian junior mining company currently moving toward a feasibility study for the Toroparu Project in Guyana, South America with 7.4 million ounces of gold in the Measured and Indicated categories. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Toroparu Gold Project, Upper Puruni River Area, Guyana, dated July 18, 2019 completed by SRK Consulting (U.S.), Inc.,) (the “PEA”) available on SEDAR (www.sedar.com) and on the Company’s website (www.goldxmining.com). Gold X also holds a 100% interest in the Chicharrón Project located in the Segovia-Remedios mining district, Antioquia, Colombia. Additional information is available at www.goldxmining.com or by email at info@goldxmining.com.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. CEO: Lee Kap-soo. Editor: Jung Yeon-jin. Juvenile Protection Manager: Yeon Choul-woong.
  • IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.
ND소프트