VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/25/15 -- Ironside Resources Inc. (TSX VENTURE: IRC) (the "Company") will be consolidating its common shares on the basis of five (5) old shares for one (1) new share. Pursuant to the Business Corporations Act (British Columbia) and the Company's Articles, the Board of Directors is authorized to approve certain changes to the Company's capital structure, including a share consolidation. The Board of Directors approved the share consolidation by consent resolutions effective June 15, 2015 and the Company has received TSX Venture Exchange approval to the consolidation. The Company believes that the consolidation will improve the Company's ability to raise capital.
As at the date of this news release, the Company has 74,235,879 common shares issued and outstanding. Following the consolidation, the Company will have approximately 14,847,175 common shares outstanding, subject to rounding. Fractional shares will be rounded down.
The consolidated shares of the Company will commence trading on the TSX Venture Exchange on June 29, 2015. The name of the Company will not be changed and the Company's trading symbol will remain "IRC".
ON BEHALF OF THE BOARD
Dev Randhawa, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Greg Downey
1.866.979.7022
info@ppmpng.com
