International Bethlehem Announces Share Consolidation and Name Change
Vancouver, Canada - TheNewswire – September 24th, 2021 – International Bethlehem Mining Corp. (“International Bethlehem” or the ”Company”) (TSXV NEX:IBC.H) is pleased to announce that it intends to consolidate its common shares on up to a ten (10) for one (1) basis (the “Share Consolidation”) and to change its name (the “Name Change”). The board of directors of the Company has not yet determined the final ratio for the Share Consolidation, and a further news release will be issued once a decision has been reached. The Company currently has 20,930,951 common shares outstanding, and assuming the Share Consolidation was completed on a ten (10) for one (1) basis the Company would have approximately 2,093,095 common shares outstanding. Completion of the Share Consolidation and Name Change are subject to approval by the TSX Venture Exchange (the “TSXV”).
Trading symbol: TSX-V NEX: IBC.H
International Bethlehem Mining Corporation
Peter Berdusco, President & CEO
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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, the intention to undertake the Share Consolidation and the Name Change, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.