Mr. Mark Ferguson reports
ARBOR METALS TO IMPLEMENT FORWARD SHARE SPLIT
will undertake a forward share split on the basis of three common shares for every one common share currently outstanding. The share split is intended to improve liquidity and provide a more attractive capital structure for potential investors. Following completion of the share split, the company will have approximately 163,710,225 common shares outstanding.
The company intends to implement the share split prior to the end of 2021. Completion of the share split remains subject to the approval of the TSX Venture Exchange. The company will issue a further news release once such approval has been obtained and a record date determined for the share split.
Arbor Metals Corp.
Arbor Metal is a mining exploration company, specializing in the development of high-value, geographic significant mineral projects around the world. As industry leaders, it is paving the way for advanced mineral exploration as it oversees world-class mining projects. It believes quality project, combined with proven strategies and a professional, along with a hard-working, team, will deliver superior results. It holds two exceptional mineral projects.
The Rakounga gold project
The Rakounga gold project consists of an exploration permit covering a 250-square-kilometre area located along the Goren greenstone belt in central Burkina Faso. The company, through its wholly owned subsidiary Kruger Gold Corp., holds the right to acquire an up-to-100-per-cent interest in and to the project, subject only to pre-existing royalty obligations. Kruger has control over operations conducted on the project, and will look to expand on historical drilling and survey work conducted on the project.
The Miller's Crossing lithium project
The Miller's Crossing lithium project, composed of approximately 3,800 acres of contiguous placer claims, is located in the Big Smoky Valley, Esmeralda county, Nevada. The Big Smoky Valley is located immediately north of the Clayton Valley, home to Albemarle's Silver Peak lithium brine mine (in continuous operation since 1967).
We seek Safe Harbor.
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