TORONTO, ONTARIO -- (Marketwired) -- 12/27/13 -- Amerix Precious Metals Corporation ('Amerix' or 'the Company') (TSX VENTURE: APM)(FRANKFURT: NJGN) announces that its shareholders will be asked to approve a share consolidation of the Company's issued and outstanding common shares at a ratio of up to twenty (20) pre-consolidation shares to one (1) post-consolidation share at the Annual and Special Meeting of Shareholders to be held on January 31, 2014. The Board of Directors is recommending shareholders approve the share consolidation in order to increase the Company's flexibility with respect to potential business transactions, including any possible future equity financings. Amerix currently has 82,454,934 common shares issued and outstanding.
If the consolidation is approved, the Board of Directors will have the authority to implement the consolidation at the ratio of up to 20 to 1 at any time and will be permitted, without further shareholder approval, to select a lower consolidation ratio if they deem it to be appropriate. Notwithstanding approval of the consolidation by the shareholders, Amerix's directors, in their sole discretion, may abandon the consolidation without further approval, action by, or prior notice to shareholders.
The proposed consolidation is subject to the approval of the shareholders of Amerix and the TSX Venture Exchange.
About Amerix Precious Metals Corporation
Amerix Precious Metals Corporation is an Ontario company, managed by an experienced team, exploring for precious metals in Brazil. Amerix's objective is to create value for shareholders through the delineation and expansion of bedrock gold resources, and realization of value from placer and tailings gold resources at the Company's properties. Brazil has significant gold potential and is a proven mining-friendly country. Amerix will continue to seek exploration properties of merit via staking, acquisition or merger. The Company's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJGN".
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.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein 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 expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Management Discussion and Analysis.
Contacts:
Amerix Precious Metals Corporation
Steve Brunelle
President and Chief Executive Officer
647-260-0470
416-479-4371 (FAX)
steve.brunelle@amerixcorp.com
Amerix Precious Metals Corporation
Dan Hamilton
Chief Financial Officer
647-260-0470
416-479-4371 (FAX)
dan.hamilton@amerixcorp.com
www.amerixcorp.com
