Consolidated Nevada Goldfields Corporation Announces Results of Special Shareholder Meeting.DENVER--(BUSINESS WIRE)--May 13, 1998--Consolidated Nevada Goldfields Corporation (CNGC CNGC Cherokee Nation Gaming Commission ) announces that it filed the articles of amendment yesterday to consolidate its common shares on a ten for one basis and to change its name to "Real del Monte Real del Monte (officially Mineral del Monte) is a small town and municipality in Hidalgo state in central Mexico, lying at an altitude of 2700 metres (8,800 ft). for more about Real del Monte visit [1] History Mining Corporation." The share consolidation and name change were approved by the shareholders of CNGC yesterday at a Special Meeting of Shareholders. Mike Kolin, Real del Monte Mining Corporation (RDM RDM Ring Deutscher Makler (German Realty Association) RDM Red Mage (Final Fantasy, gaming) RDM Remote Device Management (protocol used in theatre lighting equipment) ) Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , states that "The name change reflects a new beginning for the company and the renewed focus on high-quality Mexican silver assets." With respect to the share consolidation, each shareholder will receive one consolidated common share for each ten common shares held at the close of business on May 11, 1998. CNGC will not issue fractional shares, but any fractional entitlements of holders will be rounded down to the next whole number. Shareholders will receive letters of transmittal allowing them to instruct Real del Monte Mining Corporation (formerly Consolidated Nevada Goldfields Corporation) with respect to the issuance of certificates representing the consolidated shares. It is expected that the common shares will commence trading on a consolidated basis on or about May 14, 1998 on both the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol RMM and on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol RDMMF. Statements in this release which are not historical data are forward looking and involve a number of risks and uncertainties, including but not limited to the price of commodities, currencies, production, construction, and permitting or regulatory delays, reserve estimation of tonnage, grade and metallurgical recoveries, exploration success and reserve growth, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , capital costs, and other risks that are detailed in the Company's SEC filings. CONTACT: Real del Monte Mining Corporation (formerly Consolidated Nevada Goldfields Corporation) Phone: 303/296-3200 Fax: 303/296-9130 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion