VANCOUVER, March 30, 2016 /CNW/ - Intact Gold Corp.
(TSX-V: ITG) (FSE: 1A5) (the "Company" or "Intact Gold"),
announces that it will forward split all of the issued and
outstanding shares of the Company on a basis of two (2) new common
share for every one (1) existing common shares held, to be effected
at the discretion of the Company's board of directors. The Company
will not be changing its name, or trading symbol in conjunction
with the proposed share split. The Company's issued capital will be
altered by splitting all of the 18,218,461 issued common shares
without par value into 36,436,922 common shares without par value,
every 1 common share being split into 2 common shares. The share
split is subject to acceptance by the TSX Venture Exchange.
The Company anticipates the share split will make Intact Gold's
stock more accessible to investors and enhance liquidity for
shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS OF INTACT GOLD
CORP.
Per: Anthony Jackson,
President and CEO
Disclaimer for Forward-Looking Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" occur. Forward-looking information in this press release
includes, but is not limited to, statements regarding expectations
of management regarding the acquisition of the Property. Although
the Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. Such
forward-looking information is subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in the statements including,
without limitation, the risks that the Company may not have the
funds necessary to make its payments pursuant to the Agreement,
that the TSX-V may not approve the transaction, and other factors
beyond the control of the Company. Except as required by law, the
Company expressly disclaims any obligation, and does not intend, to
update any forward-looking information in this news release.
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 release.
SOURCE Intact Gold Corporation