(TheNewswire)
Calgary, AB / TheNewswire / November 21 2016 - Guardian Exploration Inc. (“Guardian” or the
“Company”) (TSXV: GX) is pleased to announce that the share consolidation (the "Consolidation") of 10:1 for its common shares
previously approved by Guardian shareholders at the annual general and special meeting held on July 16, 2013 became effective on
August 1, 2016.
Following the Consolidation there was approximately 7,447,546 common shares issued
and outstanding, not accounting for the rounding of fractional shares. The common shares began trading on a consolidated
basis on August 2, 2015. The stock trading symbol “GX” has remained the same.
No fractional shares were issued as a result of the Consolidation. Shareholders who would otherwise be entitled
to receive a fraction of a common share will be rounded down to the nearest whole number of common shares and no cash consideration
will be paid in respect of fractional shares.
In addition, the exercise price and number of common shares of Guardian issuable upon the exercise of
outstanding stock options and warrants or other convertible securities has been proportionately adjusted to reflect the
Consolidation.
For additional details please refer to the Information Circular dated June 19, 2013, which has been filed on
SEDAR at www.sedar.com.
About Guardian Exploration Inc.
Guardian is a Calgary-based corporation engaged in the acquisition, exploration and development of resource
properties. Common shares of the company trade on the TSX Venture Exchange under the trading symbol "GX".
FOR FURTHER INFORMATION, PLEASE CONTACT:
Graydon Kowal
President and CEO
(403) 730-6333
FORWARD LOOKING STATEMENTS
This news release includes certain information, with management's assessment of Guardian’s
future plans and operations, and contains forward-looking statements which may include some or all of the following: (i)
anticipated production rates; (ii) expected results of capital programs; (iii) expected timelines for production optimization; (iv)
net debt levels; (v) anticipated operating costs; and (vi) expected capital projects and associated spending; which are provided to
allow investors to better understand the Company's business. By their nature, forward-looking statements are subject to numerous
risks and uncertainties; some of which are beyond Guardian’s control, including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, changes
in environmental tax and royalty legislation, competition from other industry participants, the lack of availability of qualified
personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources, and
other risks and uncertainties described under the heading 'Risk Factors' and elsewhere in the Company's Management Discussion and
Analysis and other documents filed with Canadian provincial securities authorities and are available to the public
at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The principal assumptions Guardian has made includes security of land interests; drilling cost
stability; finance and debt markets continuing to be receptive to financing the Company, the ability of the Company to
monetize non-core assets and industry standard rates of geologic and operational success. Actual results could
differ materially from those expressed in, or implied by, these forward-looking statements. Guardian disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law. For more information on the Company, Investors should review the Company’s registered filings which are
available at www.sedar.com.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws.
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this
press release.
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