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APM Andean Precious Metals Corp

0.93
-0.02 (-2.11%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Andean Precious Metals Corp TSXV:APM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -2.11% 0.93 0.92 0.94 0.95 0.93 0.95 35,325 21:00:18

Amerix Announces Proposed Share Consolidation

27/12/2013 9:00pm

Marketwired Canada


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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

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