Toronto, Ontario--(Newsfile Corp. - November 10, 2017) -
. (TSXV: ACY.H) (the "
Company") is pleased to provide a summary of the
Company's recent corporate activities and its plans for the future.
ACME Resources Corp. has most recently traded with symbol ACY.H on
the NEX Tier of the TSX Venture Exchange though trading of the
shares of the Company have been voluntarily halted since December,
The Company is currently in the process of arranging a
non-brokered private-placement offering of Company equity. This
private placement will comprise an offering of up to 7,000,000
common shares at a price of $CDN 0.025 (2½¢) per share (the "
Offering") for gross proceeds of up to $CDN
175,000. The first tranche of 3,099,000 shares for gross proceeds
of $CDN 77,475 has now been closed.
The proceeds received from the Offering will be used for general
working capital purposes while the Company continues to explore
options with regard to the acquisition of a (mineral) property of
merit as a significant asset for the Company (this acquisition
could be considered to be a "Qualifying Transaction" as such term
is defined in Policy 2.4 of the TSX Venture Exchange).
All securities issued in connection with the financing will be
subject to a statutory four month plus one day hold period. The
Offering is subject to regulatory approval.
The Company held its Annual and Special Meeting on the 24
th of October, 2017. At that Special Meeting the Company
received a majority of shareholder support to approve 1) the
voluntary delisting from the TSX Venture Exchange for the purpose
of seeking a listing on an alternative stock exchange; 2) to
consolidate the common shares of the Company on an up to 1:5
(new:old) basis; and 3) to authorize management to change the name
of the consolidated Company. A Management Information Circular
providing additional details of these matters and other items put
forward at the Annual and Special Meeting is available on
The Company currently has 6,000,950 shares outstanding
(6,248,118 fully diluted).
For further information contact:
Paul Ankcorn - Chief Executive Officer
Telephone: (416) 866-2200
Cautionary Note Regarding Forward-looking Statements
Certain information in this press release may contain
forward-looking statements. Such statements are based on the
current expectations of the management of the Company. Trading in
the securities of the Company should be considered highly
Except as required by applicable securities laws, forward
looking statements speak only as of the date on which they
are made and, unless required by law, the Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
© Newsfile Corp, source Press Releases