|By Marketwired .||
|June 19, 2014 04:00 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 06/19/14 -- Mazorro Resources Inc. (the "Company") (CSE: MZO)(FRANKFURT: JAM) announces that, further to its press releases dated May 7, 2014 and June 16, 2014, it will be filing articles of amendment on June 25, 2014 in order to give effect to the consolidation (the "Consolidation") of the issued and outstanding common shares of the Company on the basis of one new common share (the "Post-Consolidation Shares") for every two common shares issued and outstanding. As a result of the Consolidation, there will be approximately 27,757,386 Post-Consolidation Shares issued and outstanding. Any resulting fractional share entitlement remaining after conversion that is less than one-half of a Post-Consolidation Share will be cancelled and each fractional Post-Consolidation Share that is at least one-half of a Post-Consolidation Share will be changed to one whole Post-Consolidation Share.
Pursuant to the policies of the Canadian Securities Exchange ("CSE"), effective June 23, 2014, trading in the Company's common shares on the CSE will be on a post-Consolidation basis.
The Company's name and trading symbol "MZO" will remain the same. The new CUSIP and ISIN numbers for the Post-Consolidation Shares are 578869307 and CA 5788693078 respectively.
The Company wishes to remind shareholders that its common shares were delisted from the TSX Venture Exchange on June 18, 2014 and have been listed on the CSE since June 17, 2014.
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, inability of the Company to achieve its diversification strategy; failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws; the Company disclaims any intent or obligation to update any forward-looking statement.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
Mazorro Resources Inc.
Interim President & CEO