VANCOUVER, BC, June 10,
2022 /CNW/ - Gold Line Resources
Ltd. (TSXV: GLDL) (OTCQB: TLLZF) ("Gold Line" or
the "Company") announces that the Board of Directors of the
Company has approved a consolidation of its issued and outstanding
share capital on the basis of one new common share for every ten
outstanding common shares (the "Consolidation").
The Consolidation will be effective at the opening of the market
on Wednesday, June 15, 2022 (the
"Effective Date"). The Company will not change its name as
part of the Consolidation, but will issue new share certificates
under a new CUSIP number 38063G207. The Company's common shares
will continue to trade on the TSX Venture Exchange under its
current symbol "GLDL".
The Company currently has 143,827,993 common shares issued and
outstanding. As at the Effective Date, the Company will have
approximately 14,382,799 common shares issued and
outstanding. No fractional shares will be issued under the
consolidation and any fraction will be rounded to the nearest whole
number.
Change of Directors
The Company announces the appointment of Geoff Balderson to its board of directors.
Mr. Balderson has extensive capital market experience. He has
served as founder, director, and officer of many CSE and TSXV
listed companies over the past 15 years. Prior to this he was
formerly an Investment Advisor at Union Securities and Georgia
Pacific Securities.
The appointment of Mr. Balderson follows the resignation of
Simon Studer as director. The
Company would like to thank Mr. Studer for his contributions and
wish him continued success in the future.
On Behalf Of The Board Of Directors Of Gold Line
Resources,
Adam Cegielski
CEO & Director
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Facebook: https://www.facebook.com/Gold-Line-Resources
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LinkedIn: https://www.linkedin.com/company/gold-line-resources-ltd
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.
SOURCE Gold Line Resources Ltd.