Monday December 20, 4:45 pm Eastern Time
Company Press Release
Consolidation Issue To Be Addressed at Campbell's Next Annual General Meeting
TORONTO--(BUSINESS WIRE)--Dec. 20, 1999-- (TSE:CCH. - news; NYSE:CCH - news)
In accordance with a rule revision by the New York Stock Exchange with respect to the cure period during which a listed Company must remedy a share price deficiency, Campbell currently intends to propose to its shareholders at its next annual meeting that approval be given for a share consolidation/reverse split with a view to maintaining the required share price for continued listing. Previously the rule required remedial action within 6 months of notice of the price deficiency which was received in August, 1999.
Forward-Looking Statements
Certain information contained in this release contains ``Forward-Looking Statements' within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks and uncertainties, including those ``Risk Factors' set forth in the Company's current Annual Report on Form 10-K for the year ended December 31, 1998. Such factors include, but are not limited to: differences between estimated and actual ore reserves; changes to exploration, development and mining plans due to prudent reaction of management to ongoing exploration results, engineering and financial concerns; and fluctuations in the gold price which affect the profitability and ore reserves of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments
Campbell Resources Inc. is a growth-oriented gold mining company with operations in Quebec, Canada and Sonora, Mexico, and a development-stage gold project in Panama awaiting higher gold prices in order to continue development. The Company is currently exploring on its mine properties in Quebec and Mexico and is actively seeking additional acquisitions.
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Contact:
Campbell Resources Inc.
Steven Dawson, 416/366-5201
416/367-3294 (FAX)
invest@campbellresources.com
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