|By Marketwired .||
|June 9, 2014 09:15 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Abzu Gold Ltd. (TSX VENTURE: ABS) ("Abzu" or the "Company") announces that its Board of Directors has approved a consolidation of the Company's issued share capital on the basis of ten (10) common shares for one (1) new share of the Company. Abzu currently has 108,908,116 common shares outstanding and will have 10,890,812 common shares outstanding after completion of the consolidation, subject to rounding up and the elimination of any fractional shares resulting from the share consolidation.
The Board of Abzu anticipates the consolidation will provide the Company with increased flexibility to seek additional financing opportunities. Abzu will not be changing its name or its trading symbol in conjunction with the proposed consolidation.
The consolidation is subject to TSX Venture Exchange acceptance.
On behalf of the board of directors of ABZU GOLD LTD.
Bob Baxter, CEO & President
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 press release, which has been prepared by management.