January 8, 2019 - Vancouver, British Columbia: Bard Ventures Ltd. (the “Company” or “Bard”) is pleased to announce that it will seek TSX Venture Exchange (the “TSXV”) approval to consolidate all of its issued and outstanding common shares (the “Common Shares”) on the basis of every five (5) old Common Shares being consolidated into one (1) new Common Share (the “Share Consolidation”). In accordance with current TSXV policies, shareholder approval will not be required for the proposed Share Consolidation. The proposed Share Consolidation has been approved by the Company’s board of directors.
The proposed Share Consolidation would result in the number of issued and outstanding Common Shares being reduced from the current outstanding of 53,139,766 Common Shares to approximately 10,627,953 Common Shares.
The Company does not intend to change its name or its current trading symbol in connection with the proposed Share Consolidation.
Management of the Company believes that the proposed Share Consolidation will better position the Company to raise the funds it requires to finance ongoing business activities.
The effective date of the Share Consolidation will be disclosed in a subsequent news release. Notwithstanding the foregoing, the board of directors may, at its discretion, determine not to effect the Share Consolidation.
On behalf of:
Bard Ventures Ltd.
Eugene Beukman, CEO
For further information please visit our website at www.bardventures.com.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward‑looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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.
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