VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V:BKR, FSE: BK2N (WKN: A2DNV4) (the “Company”) is pleased to announce that effective August 28, 2020 at market open, the Company will consolidate its common shares on the basis of one (1) new post-consolidation common share for every four (4) pre-consolidated common shares. Simultaneously with the consolidation, the Company will change its name to “Goldcore Resources Ltd.“. The Company’s common shares will begin trading on a post consolidated basis on the TSX Venture Exchange under the name “Goldcore Resources Ltd” and new symbol “GEM” on August 28, 2020.
As a result of the consolidation, the Company’s outstanding 69,781,341 common shares will be reduced to 17,445,335 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The consolidation and name change was approved by the directors and accepted by the TSX Venture Exchange.
Registered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a transmittal letter from the Company’s transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation.
It is the opinion of the Board of Directors of the Company the consolidation will facilitate new equity investments in the Company.
For more information contact Thomas Yingling at 604-343-7740.
On Behalf of the Board of Directors
President, CEO & Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.
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.
