VANCOUVER, BC, Sept. 21, 2021 /CNW/ - Northern Vertex
Mining Corp. (TSXV: NEE) (USOTC: NHVCF) (the "Company" or
"Northern Vertex") wishes to announce that effective on
Friday, September 24, 2021 (the
"Effective Date"), it will implement the previously
announced consolidation of its common shares on a six (6) for one
(1) basis (the "Consolidation") and will change its name
from "Northern Vertex Mining Corp." to "Elevation Gold Mining
Corporation" (the "Name Change"), as previously disclosed in
the Company's news release dated September
8, 2021. The Company has received approval of the
Consolidation and the Name Change from the TSX Venture Exchange
(the "Exchange").
The common shares of the Company are scheduled to begin trading
on the Exchange on a post-Consolidation basis at the open of
markets on September 24, 2021 under
the stock symbol "ELVT". Following the Consolidation, the
Company will have approximately 60,863,620 post-Consolidation
common shares issued and outstanding prior to rounding for
fractional shares. The new CUSIP and ISIN numbers for the
post-Consolidation common shares will be 28623W107 and
CA28623W1077, respectively. The new CUSIP and ISIN numbers
for the common share purchase warrants of the Company expiring on
January 14, 2023 which were issued
pursuant to a warrant indenture dated February 12, 2021 between the Company and
Computershare Trust Company of Canada and are listed on the Exchange will be
28623W115 and CA28623W1150, respectively.
Registered shareholders holding share certificates of Northern
Vertex will be mailed a letter of transmittal from the Company's
transfer agent, Computershare Investor Services Inc.
("Computershare"), as soon as practicable after the
Effective Date advising of the Consolidation and the Name Change
and instructing them to surrender their share certificates
representing pre-Consolidation common shares of Northern Vertex for
a direct registration advice (DRS) representing their
post-Consolidation common shares of Elevation Gold Mining
Corporation. Following the Effective Date, Computershare will
automatically mail new DRS statements representing
post-Consolidation common shares of Elevation Gold Mining
Corporation to registered shareholders currently holding their
Northern Vertex common shares by DRS statements.
Non-registered shareholders holding common shares through an
intermediary (a securities broker, dealer, bank or financial
institution) should be aware that the intermediary may have
different procedures for processing the Consolidation than those
that will be put in place by the Company for registered
shareholders. If shareholders hold their common shares through
intermediaries and have questions in this regard, they are
encouraged to contact their intermediaries.
About Northern Vertex Mining Corp.
Northern Vertex offers investors a rare combination of cash
flow, production, top-tier management, and exceptional exploration
potential within two projects on the Walker Lane Gold Trend of
western Nevada and Arizona. Management is executing a clear
strategy that expands production and resources at the Moss Mine in
Arizona while aggressively
exploring the Hercules Project in Nevada.
ON BEHALF OF THE BOARD OF NORTHERN VERTEX MINING CORP
"Michael G. Allen"
President
Neither the 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.
Cautionary Statement Regarding Forward-Looking
Information
All statements, trend analysis and other information contained
in this press release about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. All statements, other than statements of historical
fact, included herein, are forward-looking statements, including,
but not limited to statements regarding the completion of the
Consolidation and the Name Change. Although Northern Vertex
believes that the expectations reflected in such forward-looking
statements and/or information are reasonable, undue reliance should
not be placed on forward-looking statements since Northern Vertex
can give no assurance that such expectations will prove to be
correct. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking statements, including the risks, uncertainties and
other factors identified in Northern Vertex's periodic filings with
Canadian securities regulators. Forward-looking statements are
subject to business and economic risks and uncertainties and other
factors that could cause actual results of operations to differ
materially from those contained in the forward-looking statements.
Important factors that could cause actual results to differ
materially from Northern Vertex's expectations include risks
associated with the business of Northern Vertex; risks related to
reliance on technical information provided by Northern Vertex;
risks related to exploration and potential development of Northern
Vertex's projects; business and economic conditions in the mining
industry generally; fluctuations in commodity prices and currency
exchange rates; uncertainties relating to interpretation of drill
results and the geology, continuity and grade of mineral deposits;
the need for cooperation of government agencies in the exploration
and development of properties and the issuance of required permits;
the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and
additional risks identified in Northern Vertex's filings with
Canadian securities regulators on SEDAR (available at
www.sedar.com). Forward-looking statements are based on estimates
and opinions of management at the date the statements are made.
Northern Vertex does not undertake any obligation to update
forward-looking statements except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking statements.
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SOURCE Northern Vertex Mining Corp.