Brakpan Announces 3-For-1 Stock Split
March 13, 2017, Vancouver, British Columbia, Canada: Brakpan Ventures Corp. (the “Company” or “Brakpan”) is pleased to announce that its Board of Directors approved a stock split whereby each issued and outstanding common share would effectively be split into three (3) common shares. On March 23, 2017 (the “Mailing Date”), the distribution of the additional common shares as a result of the split will take place. Two (2) additional common shares will be issued for every one (1) existing common share to the shareholders as at the close of business on the record date of March 17, 2017 (the “Record Date”). The Company’s common shares are expected to begin trading on a split-adjusted basis on March 15, 2017 and on a post-split basis on March 17, 2017 (the “Effective Date”). In accordance with the Company’s Articles, shareholder approval will not be required for the stock split.
The Company will not be changing its name, cusip or its current trading symbol in connection with the stock split. The number of authorized shares of common stock and the par value per share will remain unchanged. The issued and outstanding number of common shares will increase from 32,501,913 to 97,505,739.
Management of the Company believes that the stock split will make the stock more attractive to a larger portion of the investing community.
On behalf of:
BRAKPAN VENTURES CORP.
Eugene Beukman, President
This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.