TORONTO, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Currie Rose Resources Inc. (TSXV – CUI) (“Currie Rose” or the “Company”) announces a consolidation of the shares of the Company on the basis of one (1) new Common Share (post-consolidation) for each two and a half (2.5) current (pre-consolidation) Common Shares. The Company currently has 35,701,309 shares issued and outstanding. Following the share consolidation there will be 14,280,524 new Common Shares issued and outstanding. The purpose of the consolidation is to meet the financing requirements of the TSX Venture Exchange. This consolidation is subject to regulatory and exchange approvals.
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.
This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. Statements about the closing of the transaction, expected terms of the transaction, the number of securities of Currie Rose that may be issued in connection with the transaction, and the parties' ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.