VANCOUVER, BRITISH COLUMBIA – February 8, 2019 – Miranda Gold Corp. (TSXV: MAD) (the “Company”) announces that the Company is proceeding to change its name to Outcrop Gold Corp. and consolidate its common shares on the basis of ten (10) pre-consolidated common shares to one (1) postconsolidated common share (the “Consolidation”). The Company’s common shares will commence trading under its new name and on a post-consolidated basis under the ticker symbol “OCG” effective at market opening on Monday February 11, 2019.
Immediately prior to completion of the Consolidation, the Company has 132,517,577 common shares issued and outstanding. After giving effect to the Consolidation, the Company will have approximately 13,251,757 common shares issued and outstanding, subject to the rounding of fractional common shares.
No fractional common shares will be issued as a result of the Consolidation. All fractional common shares resulting from the Consolidation will be rounded down to the nearest whole number of common shares. The Company’s outstanding incentive stock options and warrants will be adjusted on the same basis (10:1) to reflect the Consolidation in accordance with their respective terms, with proportionate adjustments being made to exercise prices.
Registered shareholders will receive a letter of transmittal from the Company’s transfer agent, Computershare Investor Services Inc., providing instructions on how to exchange their share certificates representing pre-Consolidation common shares for new share certificates or Direct Registration Advice (DRS) representing post-Consolidation common shares to which they are entitled as a result of the Consolidation. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to effect the Consolidation.
ON BEHALF OF THE BOARD OF DIRECTORS
Joseph (Joe) Hebert, Chief Executive Officer
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.