Mr. James Brown reports
MILL CITY TO PROCEED WITH 2-FOR-1 SHARE SPLIT
Mill City Gold Corp. will be proceeding with an application to the TSX Venture Exchange to effect a two-for-one share split of the outstanding common shares of the company. The directors of the company approved the two-for-one share split by way of a directors' resolution dated Aug. 26, 2014.
The company is splitting the outstanding common shares to provide greater liquidity for the company's shareholders by increasing the number of outstanding shares. As of this date, the company has 16,238,515 common shares outstanding. After giving effect to the proposed two-for-one share split, the company would then have 32,477,030 common shares outstanding. The share split will be conducted by way of the push-out method. The stock trading symbol and name will remain the same.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
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