Global Energy Metals Consolidates its Share Capital
VANCOUVER, BC / TheNewswire / August 25th, 2016 / Global Energy Metals Corp. ("Global Energy Metals", the "Company" and/or "GEMC") wishes to announce that further to its news release dated August 3rd, 2016, the consolidation of its share capital on the basis of one post-consolidation common share for every fifteen pre-consolidation common shares will be effective as of today, August 25th, 2016. GEMC currently has 79,322,177 common shares issued and outstanding and will have 5,288,145 common shares issued and outstanding upon completion of the consolidation.
The Company's transfer agent will be mailing to registered shareholders a Letter of Transmittal for shareholders to use to exchange existing share certificates for share certificates representing shares on a consolidated basis. No action is required to effect consolidation of beneficially held securities by non-registered shareholders, who hold securities of the Company through an intermediary or broker.
Global Energy Metals Corp.:???
Global Energy Metals is an aggregator of cobalt, lithium, graphite and other battery metals projects, creating an asset bank to ultimately supply market demand for the growing rechargeable battery market. GEMC is a pre-IPO reporting issuer that anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. GEMC currently owns the Werner Lake Cobalt Mine in Ontario, Canada.
For Further Information:
Mitchell Smith
President & CEO
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219
Cautionary Statement on Forward-Looking Information:
Certain information in this release may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with regulatory approvals and timelines. Although Global Energy Metals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on Global Energy and the risks and challenges of their businesses, investors should review the Circular and their annual filings that are available at http://www.sedar.com/.
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 news release.
We seek safe harbour.
Copyright (c) 2016 TheNewswire - All rights reserved.
