Los Andes Copper Ltd. Announces Share Consolidation
August 17 2020 - 9:00AM
Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture
Exchange: LA) is pleased to announce its intention to proceed with
a share consolidation (the “
Consolidation”) of its
issued and outstanding common shares (“
Common
Shares”) on the basis of one (1) post-consolidation Common
Share for every ten (10) pre-consolidation Common Shares. Following
the Consolidation, the Company will have approximately 27,165,813
post-consolidation Common Shares.
Pursuant to the articles of the Company, the
Board of Directors (“Board”) of the Company has
approved the Consolidation by way of Board resolutions. The Board
believes the Consolidation will enable Los Andes to gain increased
interest from investors and therefore broaden the Company’s
investor base.
The Consolidation remains subject to receipt of
approval from the TSX Venture Exchange. The Company name will not
be changed in conjunction with the Consolidation.
For more information please contact:
Fernando Porcile, Executive ChairmanTel: +56 2
2954-0450
Antony J. Amberg, President & CEOTel: +56 2
2954-0450
Blythweigh, Financial PRMegan RayRachael
BrooksTel: +44 207 138 3203
E-Mail: info@losandescopper.com or visit our
website at: www.losandescopper.com
Follow us on twitter: @LosAndesCopper
Follow us on LinkedIn: Los Andes Copper Ltd.
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and
development company with an 100% interest in the Vizcachitas
copper-molybdenum porphyry project in Chile (the
“Project”). The Company is focused on progressing
the Project, which is located along Chile's most prolific copper
belt, into production.
Los Andes Copper Ltd. is listed on the TSX-V
under the ticker: LA.
Certain of the information and statements
contained herein that are not historical facts, constitute
"forward-looking information" within the meaning of the Securities
Act (British Columbia), Securities Act (Ontario) and the Securities
Act (Alberta) ("Forward-Looking Information"). Forward-Looking
Information is often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect" and "intend"; statements that an event or result is "due"
on or "may", "will", "should", "could", or "might" occur or be
achieved; and, other similar expressions. More specifically,
Forward-Looking Information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such Forward-Looking
Information; including, without limitation, obtaining the necessary
approvals from the TSXV to effect the Consolidation and progressing
the Project into production. Such Forward-Looking Information is
based upon the Company's assumptions regarding global and Chilean
economic, political and market conditions and the price of metals
and energy, and the Company's production. Among the factors that
have a direct bearing on the Company's future results of operations
and financial conditions are changes in project parameters as plans
continue to be refined, a change in government policies,
competition, currency fluctuations and restrictions and
technological changes, among other things. Should one or more of
any of the aforementioned risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from any conclusions, forecasts or projections
described in the Forward-Looking Information. Accordingly, readers
are advised not to place undue reliance on Forward-Looking
Information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly
update or revise Forward-Looking Information, whether as a result
of new information, future events or otherwise.
Neither 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.
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