Blackwolf Copper & Gold Ltd Com HTRRF

Heatherdale Resources plans 1:5 share rollback

[MiningMasterAu]

Heatherdale Resources plans 1:5 share rollback

2019-10-16 16:36 MT - News Release

Mr. David Copeland reports

HEATHERDALE ANNOUNCES SHARE CONSOLIDATION PROPOSAL

Heatherdale Resources Ltd. will begin disseminating information related to the special meeting of shareholders to be held on Nov. 14, 2019, for the consideration of a proposal to consolidate its issued and outstanding common shares on the basis of one postconsolidation share for every five preconsolidation shares (1:5), subject to approval of the TSX Venture Exchange. The company believes that a consolidation of the issued and outstanding common shares may be required to attract new equity investment in the company or other investments in the company and/or its affiliates.

About Heatherdale Resources Ltd.

Heatherdale Resources is focused on advancing the Niblack project in southeastern Alaska.

© 2019 Canjex Publishing Ltd. All rights reserved.

[WinstonSmith]

At least something is happening...

[TELEMARKER]

should be 1 for 10

[Pezo_Plaka]

I own a boat load of shares and my vote will be NO. I see no reason to vote yes on this unless they provide a clear path to opportunity in doing this roll back.  The new release clearly states that it: "may be required to attract new equity investment in the company or other investments in the company and/or its affiliates." So after years and years of being in maintenance mode and

[WinstonSmith]

I actually support this consolidation, there are too many shares outstanding for the market cap. I would like to see a rights offering as well... so we can recapitalize the company and turn on the lights... Consolidation at these prices would yield 40 Mil shares @ .10 cents. More info on future plans is needed as well... Is this consolidation to support a potential JV?

[WinstonSmith]

Correction... 40 Mil Shares at .15

[Pezo_Plaka]

Hi Winston, I think we are close on the idealogy but not the method.  "Is this consolidation to support a potential JV ?" was your question but I want that answer before voting yes. CEO David has never issued a new release on what his vision, mission statement, plans etc are so I won't afford him the roll back without knowing what's going on.  Tie it in to a right

[WinstonSmith]

I agree... but why now? Maybe its as simple as a perceived floor of 1500 gold makes this more marketable...maybe we'll get some info when we receive the ballots.