Cangold Effects Share Consolidation
May 26 2011 - 6:03PM
Marketwired
CANGOLD LIMITED (TSX VENTURE: CLD) (the "Company") is pleased to
announce that, effective at the opening of trading on the TSX
Venture Exchange tomorrow morning, it will have completed a
consolidation of its share capital on a one for five basis,
consolidating its 87,975,745 currently outstanding common shares to
17,595,149 following the consolidation. Shareholder authorization
to effect the share consolidation was approved at the Company's
Annual and Special General Meeting held on December 15, 2010, and
the consolidation has been accepted by the TSX Venture Exchange.
The Company's name and trading symbol will remain the same. The
Company's new CUSIP/ISIN numbers are CUSIP 137588109 / ISIN
CA1375881093.
Letters of transmittal with respect to the consolidation will be
mailed out to all registered shareholders on or about May 30, 2011.
All registered shareholders of the Company will be required to send
their certificates representing pre-consolidation common shares
with a properly executed letter of transmittal to the Company's
transfer agent, Computershare Investor Services Inc., in accordance
with the instructions provided in the letter of transmittal.
Additional copies of the letter of transmittal can be obtained
through Computershare Investor Services Inc. All shareholders who
duly complete letters of transmittal will receive
post-consolidation common share certificates. No certificates
representing fractional post-consolidation common shares will be
issued pursuant to the consolidation.
Cangold Limited is a junior exploration company engaged in the
exploration and development of gold projects in Mexico and
Canada.
ON BEHALF OF THE BOARD
Robert A. Archer, P. Geo., President & CEO
Neither 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.
Contacts: B&D Capital 604 685 6465 604 899 4303 (FAX)
info@cangold.ca www.cangold.ca