Mr. Peter Gommerud reports
BANDERA TO PROCEED WITH SHARE CONSOLIDATION
Bandera Gold Ltd. will proceed with a one-for-10 share consolidation to continue to raise equity financing for its exploration programs and for general working capital requirements.
At the annual and special meeting of shareholders held Jan. 21, 2016, shareholders representing 90.80 per cent of the votes cast at the meeting voted in favour of the consolidation.
The consolidation will have the effect of reducing the 110,252,563 currently issued and outstanding common shares to 11,025,256 issued and outstanding common shares following the consolidation.
Bandera will issue a subsequent news release, including the new trading symbol and effective date, once the TSX Venture Exchange has approved the consolidation.
We seek Safe Harbor.
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