Galaxy Graphite Corp.

February 24, 2015 15:22 ET

Galaxy Graphite Corp. Announces 4:1 Share Consolidation and Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 24, 2015) - Galaxy Graphite Corp. ("Galaxy") (TSX VENTURE:GXY) is pleased to announce that on February 23, 2015, shareholders of Galaxy passed special resolutions to consolidate its issued share capital on a 4:1 basis with one (1) new common share to be issued to existing shareholders for each four (4) common shares held prior to the effective date of the share consolidation.

As a result of the share consolidation, the Company's current outstanding 27,499,557 common shares will be reduced to approximately 6,874,889 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares.

In addition, a special resolution was passed authorizing the company to change its name from Galaxy Graphite Corp. to Global Copper Group Inc.

The name change and share consolidation is expected to be effective on Thursday February 26, 2015 with a new trading symbol of "ICU".

On the effective date of the name change and share consolidation the CUSIP and ISIN number will change to 37890D106 and CA37890D1069.

On behalf of the Board of Directors

Daniel Caamano, President and CEO

Galaxy Graphite Corp.

We seek safe harbor.

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The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release."

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for `forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Contact Information

  • Galaxy Graphite Corp.
    Daniel Caamano
    President & CEO

    Galaxy Graphite Corp.
    Judy A. McCall
    Corporate Secretary