CANAMEX ANNOUNCES 4:1 CONSOLIDATION PRIOR TO $6M FINANCING Canamex Resources Corp. intends to consolidate its share capital on a four-old-shares-for-one-new-share basis, subject to receipt of acceptance from the TSX Venture Exchange. The company does not intend to change its name in connection with the consolidation. The company will disseminate a further news release upon receipt of acceptance from the TSX-V, which will set out the effective date for the consolidation.
The financing set out in the company's news release dated Aug. 25, 2016, will be subject to completion of the consolidation.
The company presently has 133,199,721 common shares issued and outstanding. Upon completion of the consolidation, but prior to the closing of the financing, the company will have approximately 33,299,930 postconsolidation common shares issued and outstanding.
Canamex will provide shareholders with an update on the financing in a separate news release.
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