VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - SG Spirit Gold Inc. (TSX VENTURE:SG) ("SG Spirit" or the "Company")
is pleased to announce the completion of a consolidation of the Company's common shares ("Common Shares
"). At the annual general and special meeting of shareholders held on November 15, 2012 (the "Meeting
"), SG Spirit Shareholders approved a consolidation of the Common Shares on the basis of 1 post-consolidation Common Share for every 2.5 pre-consolidation Common Shares. SG Spirit will not issue any fractional Common Shares as a result of the consolidation. Instead, all fractional shares will be rounded down and cancelled. The consolidation was made effective on November 15, 2012 and the Common Shares will begin trading on the TSX Venture Exchange on a post-consolidation basis on November 20, 2012. Letters of transmittal will be mailed to shareholders to use to exchange their pre-consolidation Common Shares for post-consolidation Common Shares.
About SG Spirit Gold:
SG Spirit Gold is a Vancouver based resource company in the business of acquiring and advancing Canadian mineral properties prospective for precious metals and base metals. The Company's management team and Board have extensive experience and success in the resource industry.
ON BEHALF OF THE SG BOARD
Adrian Bray, President & CEO
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this document include statements about the exploration of SG Spirit's properties. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects and the additional risks identified in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and SG Spirit undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.