Vancouver, BC, June 9 2014: Rio Grande Mining Corp. (TSX.V: RGV) (the “Company”) is pleased to announce that effective at the opening of trading on June 10, 2014, the consolidated shares of the Company will commence trading on the TSX Venture Exchange on the basis of 1 (one) new, post-consolidated common share for every 5 (five) old, pre-consolidated common shares. The Company will also be undergoing a name change to “92 RESOURCES CORP.” and trade under the new stock symbol of TSX.V: NTY.
The new name of the Company reflects a focus on the energy sector, particularly in the uranium market and in the development of high-quality silica sand, suitable for hydraulic fracturing and other specialty materials, where the board perceives an opportunity for significant growth and upside. As part of the rebranding and marketing of 92 RESOURCES CORP., the company has launched a new website (www.92resources.com). The Company owns 100% interest in the Zim Frac silica claims located near the town of Golden in southeastern British Columbia (Ref. News Release dated Jan. 28, 2014). Currently, the Company is in the process of completing the regulatory filing of the Mitchell Lake Uranium Project, located in the prolific east side of the Athabasca Basin, Saskatchewan and expects the transaction to complete in the near term.
As at June 9, 2014, the Company had 18,402,689 shares issued and outstanding. Post consolidation, the Company will have 3,680,538 shares issued and outstanding. The Company’s new CUSIP number is 654406107 and the new ISIN number is CA6544061071. As per the Company’s articles and subsequent TSX Venture Approval, no shareholder approval was required for this consolidation, and no letter of transmittal was required for mailing.
All shareholders with physical certificates in hand will be required to send their respective certificates representing the pre-consolidated common shares to the Company’s transfer agent, TMX Equity Transfer Services (“TMX Equity”), at 200 University Avenue, Suite 300, Toronto, Ontario, M5H 4H1 (by phone: 1-866-4891 ext.205 or by email: firstname.lastname@example.org). All Shareholders who submit their pre-consolidated share certificate(s) to TMX Equity will receive in return a new, post-consolidated share certificate(s).
On behalf of the Board of Directors,
President & CEO
For more information please contact Mr. Lamoureux at 1 604 676 9650, TF: 1 888 486 5613