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To: Goose94 who wrote (20602)8/3/2016 2:12:33 PM
From: Goose94Read Replies (1) | Respond to of 202682
 
Orestone Mining (ORS-V) John Kaiser was right consolidation candidate.

Aug 3rd 2016 - NR

Orestone Mining announces that the Company will consolidate the Company's common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares or at such lower consolidation ratio as may be required by the TSX Venture Exchange (the "Share Consolidation").

It is management's view that the Share Consolidation will benefit the Company by increasing investor interest, improving trading liquidity and improving the Company's ability to raise additional capital and at a higher price per share.

As at the date hereof, there are an aggregate of 37,772,233 Common Shares issued and outstanding. It is expected that, upon completion of the Share Consolidation, there will be an aggregate of approximately 7,554,446 Common Shares issued and outstanding.

The completion of the Share Consolidation is subject to obtaining the requisite approval of the TSX Venture Exchange including meeting the minimum distribution requirements.

Further information on this will be announced at a later date.

Orestone Mining Corp. is a Canadian based company that controls a portfolio of gold-copper exploration targets in British Columbia, Canada. For more information please visit: www.orestone.ca.

ON BEHALF OF ORESTONE MINING CORP.

"David Hottman"

President and CEO



For further information contact:

David Hottman
604-629-1929
info@orestone.ca
www.orestone.ca