WELLINGTON, NEW ZEALAND--(Marketwired - Sept. 9, 2013) - Glass Earth Gold Limited (News - Market indicators) (NZAX:GEL) ("Glass Earth" or the "Company") announces that it intends to proceed with a consolidation of its share capital on a ten (10) old for one (1) new share basis.
The Company currently has 105,665,593 common shares outstanding. Upon completion of the share consolidation, a total of 10,566,560 common shares will be outstanding.
The share consolidation will be proposed at a special general meeting of the Company's shareholders on October 4, 2013. A Notice of Meeting, Information Circular and voting papers will be mailed out to shareholders by Tuesday 10th September.
The name of the Company will not be changed as a result of the consolidation.
The consolidation will be subject to acceptance by the TSX Venture Exchange.
About Glass Earth Gold
Glass Earth Gold is one of New Zealand's most active gold exploration companies. In the North Island, exploration efforts are focused on large epithermal gold systems in the Hauraki Region, akin to the operating Martha Hill mine, (Newmont Mining).
In the Hauraki Region, Glass Earth Gold has identified and developed significant ground positions around the active Martha Hill gold mine operations at Waihi. The Newmont-Glass Earth Gold Waihi West JV (Newmont earning in) and Hauraki JV (65/35), including drilling at the WKP discovery, are being actively explored and managed by Newmont in collaboration with Glass Earth Gold.
The announcement that Glass Earth Gold has acquired option rights to the Neavesville gold/silver prospect (just north of WKP) will mean an increased exploration focus in the Hauraki region.
For more information on Glass Earth Gold, please visit www.glassearthgold.com.
To receive Company news via email, contact info@glassearthgold.com and mention "Glass Earth news" in the subject line.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor New Zealand Exchange Limited has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.