Westminster Resources Ltd. Announces Share Consolidation
July 25, 2019
Vancouver, B.C. – July 25, 2019 - Westminster Resources Ltd. (TSXV: WMR) (the “Company” or “Westminster”) announces that by a resolution of the Board of Directors of the Company passed effective July 24, 2019, the Directors are authorized to consolidate the issued and outstanding common shares of the Company on a basis of one (1) new common share for every five (5) existing common shares (the “Share Consolidation”). Currently, there are 47,270,495 common shares issued and outstanding and following the Share Consolidation, 9,454,099 common shares will be issued and outstanding. It is anticipated that the Share Consolidation will be implemented as soon as practicable.
The Board of Directors is proceeding with the Share Consolidation on the basis that it will provide the Company with increased flexibility to seek additional financing opportunities and strategic acquisitions. The Share Consolidation is subject to the acceptance of the TSX Venture Exchange. The Company’s name and stock symbol will remain unchanged following the Share Consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
Interim President and Chief Executive Officer
For further information regarding Westminster Resources Ltd., please call 604‐608-0400 or Toll Free: 1‐877‐608‐0007.
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