Vancouver, BC – May 29, 2015: Altair Gold Inc. (“Altair” or the “Company”) (TSX-V: AVX), announces, that it intends to proceed with a consolidation of its common shares on the basis of fifteen (15) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”).
Currently, a total of 38,045,706 Shares are issued and outstanding. Accordingly, if the Consolidation is put into effect, a total of 2,536,380 Shares would be issued and outstanding, assuming there are no other changes in the issued capital of the Company. There is currently no maximum number of authorized Shares.
The Consolidation is being proposed in order to provide the Company with increased flexibility to seek additional financing opportunities and is subject to approval of the TSX Venture Exchange (the “TSXV”).
There is no name change in conjunction with the Consolidation.
For further information please contact Zip Dhanani 604 290 4331, or e-mail [email protected]
Altair Gold Incorporated
Zip Dhanani, CEO
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