Arbor Metals to Seek Shareholder Approval for Three-For-One Forward Share Split at Upcoming Shareholder Meeting
Vancouver, May 6, 2021 - Arbor Metals Corp. (the "Company") (TSXV:ABR) (FWB:432) is pleased to announce that it will convene an annual general and special meeting (the "Meeting") of the shareholders of the Company, on or about July 16, 2021. At the Meeting, shareholders are expected to vote to re-elect the current board of directors, reappoint Manning Elliott LLP, Chartered Professional Accountants, as the auditor of the Company for the ensuing year, reapprove the Company's ten percent rolling stock option plan and approve a forward split of the outstanding share capital of the Company on a three-for-one basis. The board of directors of the Company has not yet resolved to proceed with a forward share split and will decide whether to proceed following the meeting. Completion of any forward share split remains subject to the review and approval of the TSX Venture Exchange.
Further information concerning the Meeting, and the forward share split, will be made available in the management information circular being prepared by the Company. A copy of the circular will be mailed to shareholders and will also be available under the Company's profile on SEDAR.
About the Arbor Metals Corp.
The Company controls the Rakounga Gold Project which consists of an exploration permit covering a two-hundred-and-fifty square kilometer area located along the Goren Greenstone Belt in central Burkina Faso, West Africa. The Company holds the right to acquire up to a one-hundred percent interest in and to the Project, subject only to pre-existing royalty obligations. The Company has control over operations conducted on the Project and will look to expand on historical drilling and survey work conducted on the Project.
For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetalscorp.com, or visit the Company's website at www.arbormetalscorp.com.
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the 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.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the intend forward share split, time for the Meeting, and other factors or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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