|By Marketwired .||
|June 12, 2014 01:45 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/12/14 -- Camino Minerals Corporation (TSX VENTURE: COR) ("Camino" or the "Company") is pleased to announce the effective date for the consolidation of the Company's common shares (the "Common Shares") on a ten (10) old common shares for one (1) new common share basis (the "Share Consolidation"). Effective Friday, June 13, 2014, the Common Shares will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol "COR". The new CUSIP number is 138050208.
The Share Consolidation, as originally announced in a news release dated April 8, 2014, was approved by shareholders at the Company's Special Meeting held on May 29, 2014, and was subsequently approved by the TSX Venture Exchange.
Following consolidation the Company will have 9,626,543 issued and outstanding Common Shares. The change in the number of issued and outstanding Common Shares resulting from the Share Consolidation will not materially affect any shareholder's percentage ownership in the Company, although their respective ownership will be represented by a small number of Common Shares. All outstanding incentive stock options and share purchase warrants will be adjusted accordingly to reflect the Share Consolidation.
About Camino Minerals Corporation
Camino is a discovery-oriented mineral exploration company formed in connection with Goldcorp's C$300-million acquisition of Canplats Resources Corp. The Company is led by Canplats' former management and is focused on precious and base metal projects located in Mexico. For more information on Camino's projects, please refer to Camino's website at www.caminominerals.com.
To receive Camino's news releases, contact Blaine Monaghan, V.P., Corporate Development, at [email protected] or (866) 338-0047.
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 Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund exploration, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in Camino's filings on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.