|By Marketwired .||
|June 6, 2014 09:00 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/07/14 -- Handa Copper Corporation ("Handa Copper" or the "Company") (TSX VENTURE:HEC) wishes to announce that, subject to required TSX Venture Exchange and shareholder approvals, the Company intends to proceed with a proposed consolidation of its issued common share capital on the basis of five (5) pre-consolidation common shares for one (1) post-consolidation share (the "Proposed Consolidation")
Management believes that the Proposed Consolidation is in the best interests of the Company and will allow the Company greater possibilities with respect to future financings. The Proposed Consolidation will be submitted to shareholders for approval at the Company's Annual General and Special Meeting to be held on July 31, 2014. Presently, the Company has 42,345,900 common shares issued and outstanding and if the Proposed Consolidation is approved and affected on a five for one basis, there will be 8,469,180 common shares issued and outstanding. In connection with the Proposed Consolidation, the name of the Company will not change and the Company's trading symbol will remain as "HEC".
About Handa Copper Corporation
The Company has entered into binding agreements to earn up to 100% interest (subject to 10% mandatory state participation) in the Maboudou and the Banda-Kayes projects, each located in the Republic of Congo.
Both areas, in total cover 8,100 square kilometres, are underlain by Neoproterozoic Metasediments of the West Congolian Belt, a highly prospective geological belt that traverses the Republic of Congo and extends north into Gabon and south into the Democratic Republic of Congo.
Neither 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.
Handa Copper Corporation