CALGARY, ALBERTA--(Marketwired - Aug. 27, 2014) - MILL CITY GOLD CORP. ("Mill City" and/or the "Company") (TSX VENTURE:MC)(FRANKFURT:NJ6) announced today that it will be proceeding with an application to the TSX Venture Exchange to effect a 2-for-1 share split of the outstanding common shares of the Company. The Directors of the Company approved the 2-for-1 share split by way of a directors' resolution dated August 26, 2014.
The Company is splitting the outstanding common shares to provide greater liquidity for the Company's shareholders by increasing the number of outstanding shares. As of this date, the Company has 16,238,515 common shares outstanding. After giving effect to the proposed 2-for-1 share split, the Company would then have 32,477,030 common shares outstanding. The share split will be conducted by way of the push-out method. The stock trading symbol and name will remain the same.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
James R. Brown, Chairman, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release.