News
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AM Gold to Proceed with Share Consolidation
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December 18, 2015
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AM GOLD INC. (TSX-V: AMG; Frankfurt: AMX) ('AM Gold' or the 'Company') announces that the directors of the Company are proceeding to implement a consolidation on the basis of one (1) post-consolidated share for every five (5) pre-consolidated shares (the 'Consolidation'). The Company does not anticipate a name change in connection with the Consolidation.
The Company currently has 15,119,784 issued and outstanding common shares. After the Consolidation the Company would have approximately 3,023,957 shares outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares which will occur when each shareholder's holdings in the Company are consolidated. All outstanding options and warrants of the Company will be adjusted accordingly to reflect the share consolidation.
The Consolidation is subject to the approval of the TSX Venture Exchange, and to the Company meeting applicable distribution requirements. The Company will issue a further news release with respect to the Company's new CUSIP and ISIN numbers for the Consolidation.
About AM Gold Inc.
AM Gold Inc. is a publicly held resource company based in Vancouver, Canada. The company is listed on the TSX Venture Exchange under the symbol AMG and is quoted on the Frankfurt Exchange under the symbol AMX.
More information on AM Gold is available at www.amgold.ca.
ON BEHALF OF AM GOLD INC.
'John Fiorino'
___________________
John Fiorino
Chief Executive Officer
AM GOLD INC.
For further information on AM Gold, please contact Murray Caruth at 1-604-646-0067 or by email at [email protected], or visit AM Gold's website at: http://www.amgold.ca.
Cautionary Statement Regarding 'Forward-Looking' Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as 'expects', 'intends', 'is expected', 'potential', 'suggests' or variations of such words or phrases, or statements that certain actions, events or results 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.