VANCOUVER, British Columbia, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Granite Creek Gold Ltd. (TSXV:GCX) (the "Company") announces that the Board of Directors of the Company have approved a consolidation of its common shares on the basis of one (1) new post-consolidation common share for every three (3) pre-consolidation common shares. The Company proposes this consolidation in order to facilitate future financings and acquisitions. A name change is not intended as part of the consolidation, and it is subject to acceptance for filing by the TSX Venture Exchange.
There are presently 8,703,076 common shares issued and outstanding in the capital of the Company and, following the proposed share consolidation, there will be approximately 2,901,025 common shares issued and outstanding.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource.
FOR FURTHER INFORMATION PLEASE CONTACT:
| Timothy Johnson, President | ||
| Telephone: | 604-569-2430 | |
| E-mail: | info@granitecreekgold.com | |
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to regulatory approvals, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain regulatory approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the 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.