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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (21036)	8/9/2016 7:58:54 AM
From: Goose94	Read Replies (2) \| Respond to of 202293

Galway Gold (GLW-V) Aug 9, '16 announces that it is proposing to consolidate its issued and outstanding common shares on the basis of up to one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares. Additional information relating to the proposed Consolidation is included in the management information circular of the Corporation dated July 27, 2016, which is available on the Corporation's website at www.galwaygoldinc.com and its issuer profile on SEDAR at www.sedar.com. The Corporation mailed the Circular with respect to its annual and special meeting of shareholders (the "Shareholders") scheduled for September 9, 2016 (the "Meeting"). As part of the Meeting, Shareholders will be asked to approve a special resolution to amend the articles of the Corporation in order to implement the Consolidation. There are currently 166,511,932 Common Shares issued and outstanding. If and upon the Consolidation becoming effective, on a maximum one (1) for five (5) basis, it is expected there will be approximately 33,302,386 post-Consolidation Common Shares in the capital of the Corporation issued and outstanding on a non-diluted basis. The Board has concluded that the Consolidation would be in the best interests of the Shareholders as it could lead to increased interest by a wider audience of potential investors and could better position the Corporation to obtain financing and pursue acquisition opportunities. Notwithstanding the foregoing, the Board may determine not to implement the Consolidation at any time after the Meeting and after receipt of necessary regulatory approvals, but prior to the issuance of a certificate of amendment, without further action on the part of the Shareholders. If the resolution approving the Consolidation is passed by Shareholders at the Meeting, the Board shall have until the next annual meeting of Shareholders to implement the Consolidation in its sole discretion. Notwithstanding approval of the Consolidation by the Shareholders, the Board, in its sole discretion, may revoke the resolution approving the Consolidation and abandon the Consolidation without further approval, action by, or prior notice to Shareholders. The Consolidation is subject to Shareholder and regulatory approval, including the approval of the TSX Venture Exchange. Assuming the Consolidation is approved at the Meeting, registered Shareholders are advised not to mail in the certificate(s) representing their Common Shares until they receive a letter of transmittal and confirmation from the Corporation by way of news release that the board of directors of the Corporation has decided to implement the Consolidation. Galway Gold Inc. Robert Hinchcliffe 1-800-761-2770 www.galwaygoldinc.com