TORONTO, Aug. 31, 2012 /CNW/ - Mukuba Resources Limited
(TSX-V:MKU) ("Mukuba" or the "Company") is pleased to announce
that it has received a Certificate of Amendment effecting the
completion of the share consolidation of its issued and outstanding
common shares effective August 31,
2012 on the basis of one (1) post-consolidation common share
for every four (4) pre-consolidation common shares.
The Company's shareholders approved the share
consolidation at the Company's special meeting of shareholders held
on August 30, 2012.
Letters of transmittal describing the details of
the share consolidation and the process by which shareholders
obtain actual share certificates representing the consolidated
common shares will be mailed out to registered shareholders of the
Company on or about September 4,
2012. Registered shareholders may also obtain copies of the
letter of transmittal by contacting their brokers or other
intermediary or the Company's transfer agent, Equity Financial
Trust Company.
Shareholders who hold their common shares
through their broker or other intermediary and do not have actual
share certificates registered in their name will not be required to
complete and return a letter of transmittal. Any pre-consolidation
common shares owned by such shareholders will automatically be
adjusted as a result of the share consolidation to reflect the
applicable number of post-consolidation common shares owned by them
and no further action is required to be taken by such shareholders.
If as a result of the share consolidation a shareholder becomes
entitled to a fractional share, such fractions will be rounded down
to the nearest whole common share.
About the Company
Mukuba is a Canadian mining company focused on
the exploration and development of certain African base metal
assets alone and through a joint venture partner. These assets
include a 100% interest in the Northcore Project, which is licensed
for both copper and cobalt and encompasses approximately 2,265
square km of geologically prospective ground in the Central African
Copperbelt region of Zambia.
Mukuba is also a party to a joint venture with Benzu Resources
Limited to explore and develop a copper and base metals project in
the Democratic Republic of the
Congo.
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.
Forward-looking Information
Securities regulators encourage companies to
disclose forward-looking information to help investors understand a
company's future prospects. This press release contains statements
about our future business and planned activities, including matters
relating to the Consolidation. These are "forward-looking" because
we have used what we know and expect today to make a statement
about the future. Forward-looking statements usually include words
such as may, intend, plan, expect, anticipate, believe or other
similar words. We believe the expectations reflected in these
forward-looking statements are reasonable. However, actual events
and results could be substantially different because of the risks
and uncertainties associated with our business or events that
happen after the date of this press release. You should not place
undue reliance on forward-looking statements. As a general policy,
we do not update forward-looking statements except as required by
securities laws and regulations.
SOURCE Mukuba Resources Limited