Fidelity Minerals Corp. announces that it is proceeding with a 5:1 consolidation of the common shares of the Company previously announced on December 4.
Fidelity Minerals Corp. (TSXV:FMN, FSE:S5GM, SSE:MNYC) (“Fidelity Minerals” or “the Company”) announces that it is proceeding with a 5:1 consolidation of the common shares of the Company previously announced on December 4, 2019, with an effective date of December 13, 2019. Following the consolidation, the number of outstanding common shares of 132,294,222 will be reduced to 26,458,844 post-consolidation common shares.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. is assembling a portfolio of high-quality mining assets in Peru through the implementation of our Strategic Project Generator (SPG) model. The project generator model involves the identification and acquisition of appraisal stage opportunities with near-term valuation catalysts, including potential for high-impact M&A. The company is backed by an experienced management team with diverse technical, market, and commercial expertise and is supported by committed and sophisticated investors focused on building long term value.
On behalf of the Board of Fidelity Minerals;
CEO and Director
Tel: +61.414.596.007 (Australia)
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Disclaimer & Forward-Looking Statements: This news release contains forward-looking statements. Forward-looking statements are statements that relate to future events or future financial performance. In some cases, you can identify forward-looking statements by the use of terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “project”, “predict”, “potential”, or “continue” or the negative of these terms or other comparable terminology. These statements speak only as of the date of this news release. This news release may also contain inferences to future oriented financial information (“FOFI”) within the meaning of applicable securities laws. The information in this news release has been prepared by our management to provide a context for the acquired projects and the registration of title and to provide the reader with an outlook for our future activities and anticipated focus projects and may not be appropriate for other purposes. Forward-looking statements in this announcement include, advancing certain key project activities that could represent important milestones which the Company expects may represent material valuation catalysts, such as the expectation that through the Strategic Project Generator model Fidelity Minerals is positioning itself to be a beneficiary in this environment of increased appetite for prospective projects in this region.. The implication that the Company’s initiatives will individually or collectively be successful comprise forward looking statements.