China Minerals Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2017) - China Minerals Mining Corporation (TSXV: CMV) (OTC Pink: HWTHF) ("China Minerals" or the "Company") announces that the Company proposes to undertake a consolidation (the "Consolidation") of its share capital on the basis of twenty-five (25) old common shares for one (1) new common share. The proposed Consolidation is subject to the approval of the TSX Venture Exchange.
As of the date hereof, the Company has 189,873,268 common shares issued and outstanding. After giving effect to the Consolidation, the Company would have approximately 7,594,931 common shares issued and outstanding. The Company does not propose to change the corporate name of the Company in conjunction with the Consolidation.
The Company believes that the Consolidation is necessary so that the Company will be better positioned to access the equity markets in order to raise the capital required for the Company to continue operating as a public company and to provide working capital.
About China Minerals Mining Corporation
China Minerals Mining Corporation is a Canadian based exploration and development company with offices located in Vancouver, B.C. and Beijing, China. China Minerals' goal is to build an international mining company.
For more information on China Minerals, please contact the Company at 778-889-4966, or visit the Company's website at www.chinamineralsmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"signed by Wenhong Jin"
Neither 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 of accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in China Minerals' periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "appear", "should," and similar expressions, are forward-looking statements.
Although China Minerals has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and China Minerals disclaims any intention or obligation to update or revise such information, except as required by applicable law.