Share Consolidation Update
Adelaide, Nov 24, 2017 AEST (ABN Newswire) - As previously announced, at the Annual General Meeting on 15 November 2017, the shareholders of Mithril Resources Limited (
ASX:MTH) (the 'Company') approved a ten for one consolidation of the Company's shares and options.
The consolidation involved the conversion of every ten fully paid ordinary shares on issue into one fully paid ordinary share and the conversion of every ten options on issue into one option with the exercise price amended in inverse proportion to that ratio. Where the consolidation resulted in a shareholder having a fractional entitlement to a share or an option, the Company has rounded up the entitlement to the next whole number.
The Company advises that it has completed despatch of shareholding statements for the share consolidation. Due to the effect of rounding up fractional entitlements to the next whole number, the number of new issued shares post consolidation is 98,649,014 and the number of new issued options post consolidation is 4,195,000.
About Mithril Silver and Gold Limited
Mithril Resources Limited (ASX:MTH) (CVE:MSG) is an Australian resources company whose objective is the creation of shareholder wealth through the discovery of mineral deposits.
The Company and its exploration partners are actively exploring throughout the Kalgoorlie, West Kimberley and Murchison Districts of Western Australia for economic nickel, copper, zinc, and vanadium deposits.
In the Kalgoorlie District, Mithril is exploring for nickel on the Kurnalpi, Lignum Dam and North Scotia Projects which lie along strike from, or adjacent to previously mined high-grade nickel at the Silver Swan and Scotia Nickel Deposits.
In the West Kimberley, Mithril is exploring for zinc on the Billy Hills Project which lies adjacent to the previously mined Pillara Zinc Deposit.
In the Murchison, Mithril is exploring for copper, nickel and zinc mineralisation on the Nanadie Well Project and for copper, silver, zinc and lead on the Bangemall Base Metal Project. Mithril's exploration partner – Monax Mining Ltd is also exploring for vanadium on the Limestone Well tenements.
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