VANCOUVER, B.C, March 11, 2015 – Huldra Silver Inc. (the “Company“) announces that it intends to proceed with a name change to Nicola Mining Inc. (the “Name Change“) and a consolidation of its outstanding common shares (each, a “Share“) on the basis of five (5) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation“).
Currently, a total of 403,033,186 Shares are issued and outstanding. Accordingly, if the Consolidation is put into effect, a total of 80,606,637 Shares, subject to adjustments for rounding, would be issued and outstanding, assuming there are no other changes in the issued and outstanding capital of the Company. There is currently no maximum number of authorized Shares. The Consolidation is being proposed in order to allow the Company greater flexibility in future financings. The Name Change and Consolidation are subject to approval of the TSX Venture Exchange.
On behalf of the Board of Directors
CEO & Director
For additional information
Contact: Peter Espig
(604) 647-0142 / email@example.com
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the proposed Consolidation and Name Change are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to complete the Consolidation and Name Change, including the risk that neither the Consolidation nor the Name Change may be completed as expected or at all. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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.