Brett
Subject: News Release, TSX-V: PBM
PLAIN TEXT:
PACIFIC BAY MINERALS LTD. ANNOUNCES EFFECTIVE DATE
FOR SHARE CONSOLIDATION
Not for Distribution to News Wire Services in the United States
For Immediate Release. Vancouver, British Columbia, July 9, 2013 - David H.
Brett, President and CEO, Pacific Bay Minerals Ltd. (TSX Venture: PBM, the
"Company") announces that it has proceeded with a share consolidation, on
the basis of five (5) old shares for one (1) new share (the
"Consolidation"), as was approved by shareholders at the Annual and Special
meeting held on June 6, 2013. As a result of the Consolidation, the
62,237,614 common shares which are currently issued and outstanding will be
reduced to 12,447,539 shares. The board of directors of the Company believe
that the Consolidation is necessary to access to additional financing for
the further exploration of the Company's properties.
The effective date for the Consolidation is July 9, 2013 (the "Effective
Date"). The post-Consolidation common shares of the Company will commence
trading on the TSX Venture Exchange at the opening of the market on the
Effective Date remaining under the symbol "PBM".
Letters of transmittal describing the process by which shareholders may
obtain new share certificates representing their consolidated common shares
will be mailed to the registered shareholders. Shareholders who hold their
shares through a broker or other intermediary and do not have shares
registered in their own name will not be required to complete a letter of
transmittal. No fractional shares will be issued under the share
consolidation and any fraction will be rounded down to the nearest whole
number.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For investor inquiries, contact:
David H. Brett, MBA
President & CEO
Pacific Bay Minerals Ltd.
604.682.2421
This release includes certain forward looking statements which reflect
beliefs, expectations, objectives and goals which are believed to be
reasonable at the time such statements are made. Actual results could
differ materially from anticipated results and may be impacted upon such
factors as commodity prices, political developments, legal decisions, market
and economic conditions, industry competition, the weather, changes in
financial markets and changing legislation.
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--->ormal align=center style='margin-top:12.0pt;text-align:center'><b><span style='font-family:"Arial","sans-serif"'>PACIF
--->IC BAY MINERALS LTD. ANNOUNCES EFFECTIVE DATE<br>FOR SHARE CONSOLIDATION</span></b><b><span style='font-size:11.0pt;fo
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---> style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Vancouver, British Columbia, July <span cl
--->ass=Prompt><span style='color:black'>9</span></span>, 2013 - David H. Brett, President and CEO, Pacific Bay Minerals L
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--->'> announces that it has proceeded with a share consolidation, on the basis of five (5) old shares for one (1) new sha
--->re (the “Consolidation”), as was approved by shareholders at the Annual and Special meeting held on <span
--->class=Prompt>June 6, 201</span>3. As a result of the Consolidation, the 62,237,614 common shares which are
--->currently issued and outstanding will be reduced to 12,447,539 shares. The board of directors of the Company bel
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--->ont-family:"Arial","sans-serif"'> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='fon
--->t-size:11.0pt;font-family:"Arial","sans-serif"'>The effective date for the Consolidation is July </span><span cla
--->ss=Prompt>9</span><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>, 2013 (the “Effective Date
--->221;). The post-Consolidation common shares of the Company will commence trading on the TSX Venture Exchange at
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---> style='font-size:11.0pt;font-family:"Arial","sans-serif"'>Letters of transmittal describing the process by which shar
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--->family:"Calibri","sans-serif"'>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
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---> style='font-size:10.0pt;font-family:"Arial","sans-serif"'>For investor inquiries, contact:<o:p></o:p></span></b></p><
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--->eak-after:avoid'><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'>David H. Brett, MBA<br>President &
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