(via Thenewswire.ca)
August 19, 2016 / TheNewswire / Berkwood
Resources Ltd. (“Berkwood” or the “Company”) is pleased to announce the appointment of Mr. David Hodge as a Director and Chief
Executive Officer of the Company. Mr. Hodge has been President
of Zimtu Capital Corp. since July, 2008 and has extensive experience in the management and financing of publicly traded resource
companies. Mr. Hodge’s success has been founded on a belief in team building, consultation and strong leadership, as well as a
willingness to incorporate expert advice into a viable working enterprise. Mr. Hodge also serves on the Board of Directors of
Commerce Resources Corp. and Equitas Resources Corp.
George Gorzynski is stepping down as CEO but will remain as a Director of the Company.
Victor Jaramillo has resigned as a Director of the Company. We would like to thank Victor
for the past contributions that he has made.
Share Consolidation
The Company announces that management will be proceeding a consolidation
of its share capital as approved at the last Annual General and Extraordinary Meeting of shareholders held on August 27,
2015. The consolidation of the common shares of the Company will be on the basis of ten (10)
pre‑consolidation shares for one (1) post-consolidation share. Currently the Company has 29,225,572
common shares issued and outstanding which would reduce to approximately 2,922,557 common shares. This number may change subject to exercise of warrant and options prior to
the date of the consolidation. The share consolidation is subject to approval of the TSX Venture
Exchange.
On behalf of Berkwood Resources Ltd.
“George Gorzynski”
Per: George Gorzynski, Director
For additional information please contact:
Dave Hodge or Brad Hoeppner
Tel: (604) 681-1568
E-mail: BHoeppner@zimtu.com
Website: www.berkwoodresources.com
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 news
release.
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