|By Marketwired .||
|July 18, 2014 09:15 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/18/14 -- Abzu Gold Ltd. (TSX VENTURE: ABS) ("Abzu" or the "Company") announces that it has received TSX Venture Exchange approval for its 10:1 share consolidation announced June 9, 2014. The Company's shares will trade on a post-consolidated basis effective Monday, July 21, 2014. There is no change in the trading symbol for Abzu. The new CUSIP number will be 00400M206.
No fractional shares will be issued under the share consolidation. Instead, all fractional shares resulting from the consolidation of less than one-half will be rounded down to the nearest whole number, and of one-half or greater will be rounded up to the nearest whole number.
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary and consequently not having shares registered in their name will not be required to complete a letter of transmittal.
Following consolidation and subject to rounding, the Company will have 10,890,812 issued and outstanding common shares. All outstanding incentive stock options and share purchase warrants will be adjusted accordingly to reflect the share consolidation.
On behalf of the board of directors of ABZU GOLD LTD.
Bob Baxter, CEO & President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
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