Rover Metals Receives Approval for Share Consolidation
October 28 2022 - 8:30AM
Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF)
(FSE:4XO) (“
Rover” or the
“
Company”) announces that further to its release
of October 20, 2022, the Company has received approval from the TSX
Venture Exchange (the “
TSXV”) to consolidate its
outstanding common shares (the “
Common Shares”) on
the basis of one (1) post-consolidation Common Share for each six
(6) pre-consolidation Common Shares (the
“
Consolidation”). The Company currently has
157,585,212 Common Shares issued and outstanding and following the
completion of the Consolidation will have 26,264,202 Common Shares
issued and outstanding. Effective at the opening October 31, 2022,
the common shares of the Company will begin trading on a
consolidated basis.
There will be no name change and no ticker
symbol change in connection with the Consolidation and shareholder
approval is not required.
Judson Culter, CEO at Rover Metals, states “a
consolidation of our Company’s securities is necessary to position
Rover for growth and success with our new critical mineral
projects. Both the Let’s Go Lithium Project, and the IML
Zinc-Copper Project require Phase 1 and Phase 2 Exploration
Programs. Additionally, the Company’s existing gold projects
require expanded Phase 2 Exploration Programs. Management and the
Directors of the Company believe that the timing is right for a
consolidation as the Company will need to finance future
exploration at all of its mineral resource projects.
About Rover Metals
Rover is a publicly traded junior mining company
that trades on the TSXV under symbol ROVR, on the OTCQB under
symbol ROVMF, and on the FSE under symbol 4XO. The Company is now
developing a diverse portfolio of mineral resource projects: (1)
Nevada Claystone Lithium; (2) Zinc-Copper-Lead-Silver in NT,
Canada; as well as (3) Gold in NT, Canada. The Company is exclusive
to the mining jurisdictions of Canada and the U.S.
You can follow Rover on its social media
channels:
Twitter:
https://twitter.com/rovermetalsLinkedIn:
https://www.linkedin.com/company/rover-metals/Facebook:
https://www.facebook.com/RoverMetals/ for daily company
updates and industry news, andYouTube:
https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber for
corporate videos.Website:
https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS “Judson
Culter” Chief Executive Officer and Director
For further information, please contact: Email:
info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking
InformationThis news release contains statements that
constitute "forward-looking statements." Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Rover's actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur. There
can be no assurance that such statements prove to be accurate.
Actual results and future events could differ materially from those
anticipated in such statements, and readers are cautioned not to
place undue reliance on these forward-looking statements. Any
factor could cause actual results to differ materially from Rover’s
expectations. Rover undertakes no obligation to update these
forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION
CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE
COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE
IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT
TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY
PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS
RELEASE.
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