CALGARY, ALBERTA--(Marketwired - Aug. 22, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Prize Mining Corporation (TSX VENTURE:PRZ.H) (the "Corporation" or "Prize") is pleased to announce that at its annual general and special meeting of shareholders, Feisal Somji, Tim Bergen, John Bergen and Bryson Goodwin were elected as directors for the upcoming year. In addition, the shareholders also approved consolidation of the Company's common shares on a ratio of up to 10 for one, re-approved the Company's stock option plan and re-appointed Davidson & Company LLP of Vancouver, B.C. as the Company's auditor. The Company intends to undertake the share consolidation on a ten for one basis and anticipates that it will issue a news release with complete details within the next two weeks.
Forward Looking Information
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. In particular, this press release contains forward looking information in relation to the proposed consolidation of common shares on a ten for one basis. There is no certainty that regulatory approval of the proposed consolidation will be obtained on a timely basis, or at all. For any forward looking information given, Management has assumed that the approval will be obtained. A description of additional assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward looking information except in accordance with applicable securities laws.
ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION
Feisal Somji, Chairman and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Prize Mining Corporation