VANCOUVER, May 22, 2019 /CNW/ - Maverix Metals Inc. (the
"Company" or "Maverix") (TSX-V: MMX) announces that, further to its
press release on May 15, 2019, the
consolidation of its common shares on the basis of two (2)
pre-consolidation common shares for each one (1) post-consolidation
common share (the "Consolidation") will be effected at 12:01 a.m.
on Thursday, May 23, 2019. Maverix's
post-consolidation common shares will be posted for trading on the
TSX Venture Exchange at the opening of trading on May 23, 2019, under the current symbol "MMX" and
new CUSIP number 57776F405. The shareholders of Maverix authorized
the consolidation of the common shares at the Annual General and
Special Meeting held on May 14,
2019.
The 215,896,666 common shares issued and outstanding prior the
consolidation have been consolidated to approximately 107,948,333
common shares. All fractional shares that would otherwise be
received by a shareholder as a result of the consolidation have
been rounded to the nearest whole number of shares. All outstanding
stock options and warrants will be proportionately adjusted based
on the consolidation ratio.
Registered shareholders that hold physical share certificates
will receive a letter of transmittal requesting that they forward
pre-consolidation common share certificates to Maverix's transfer
agent, TSX Trust, for exchange for new share certificates
representing common shares on a post-consolidation basis.
About Maverix
Maverix is a gold royalty and streaming company. Maverix's
mission is to provide its shareholders with significant low risk
leverage to precious metal prices and to increase underlying per
share value by expanding its portfolio with acquisitions of
high-quality royalties and streams that offer robust returns.
NEITHER THE TSX VENTURE EXCHANGE ("TSX-V") NOR ITS REGULATION
SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-V) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Cautionary note regarding forward-looking statements
This release contains certain "forward looking statements" and
certain "forward-looking information" as defined under applicable
Canadian and U.S. securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as "may", "will", "should",
"expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. The forward-looking
information contained herein is provided for the purpose of
assisting readers in understanding management's current
expectations and plans relating to the future. Readers are
cautioned that such information may not be appropriate for other
purposes. Forward-looking statements and information include, but
are not limited to, statements with respect to the completion of
the consolidation of the Company's common shares. Forward-looking
statements and information are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions
that, while believed by management to be reasonable, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual actions, events or results to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: the
impact of general business and economic conditions; the absence of
control over mining operations from which Maverix will purchase
gold and other metals or from which it will receive royalty
payments and risks related to those mining operations, including
risks related to international operations, government and
environmental regulation, delays in mine construction and
operations, actual results of mining and current exploration
activities, conclusions of economic evaluations and changes in
project parameters as plans continue to be refined; accidents,
equipment breakdowns, title matters, labor disputes or other
unanticipated difficulties or interruptions in operations; problems
inherent to the marketability of gold and other metals; the
inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses; industry conditions,
including fluctuations in the price of the primary commodities
mined at such operations, fluctuations in foreign exchange rates
and fluctuations in interest rates; government entities
interpreting existing tax legislation or enacting new tax
legislation in a way which adversely affects Maverix; stock market
volatility; regulatory restrictions; liability, competition, loss
of key employees and other related risks and uncertainties. Maverix
undertakes no obligation to update forward-looking information
except as required by applicable law. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
SOURCE Maverix Metals Inc.
