Confederation Minerals Ltd.

Published : July 11th, 2016

Confederation Announces Share Consolidation

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Keywords :   Canada | Georgia | K Street |

Confederation Announces Share Consolidation

Vancouver, British Columbia, Canada, June 24, 2016, Confederation Minerals Ltd. (TSX-V: CFM) ('Confederation' or the 'Company') announces that its Board of Directors have resolved to proceed with a consolidation of the Company's issued and outstanding common shares on the basis of ten (10) pre consolidation common shares for one (1) post-consolidated common share (the 'Consolidation'). The Consolidation will provide the Company with a better capital structure in order to attract financing.

The Consolidation is subject to regulatory approval.

The Company currently has 68,778,532 issued and outstanding common shares and the Company will have approximately 6,877,853 common shares issued and outstanding post-consolidation. The exact number of post-consolidated common shares will vary depending on the treatment of fractional shares which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants would similarly be adjusted by the consolidation ratio.

The Company will not be changing its name and trading symbol in connection with the Consolidation. The Company will provide further details of the regulatory approval process in due course. This news release was prepared on behalf of the Board of Directors.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

'Lawrence Dick'

Lawrence A.Dick, Ph.D., P.Geo
President, CEO, and Director

CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
604.688.9588
[email protected]
www.confederationmineralsltd.com

About CFM
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. owns 70% of the Newman Todd project in the Red Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining District of Ontario.

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Data and Statistics for these countries : Canada | Georgia | All
Gold and Silver Prices for these countries : Canada | Georgia | All

Confederation Minerals Ltd.

EXPLORATION STAGE
CODE : CFM.V
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Confederation Minerals is a exploration company based in Canada.

Its main exploration property is NEWMAN TODD in Canada.

Confederation Minerals is listed in Canada. Its market capitalisation is CA$ 7.3 millions as of today (US$ 5.4 millions, € 4.8 millions).

Its stock quote reached its highest recent level on April 08, 2011 at CA$ 1.40, and its lowest recent point on February 05, 2016 at CA$ 0.02.

Confederation Minerals has 10 370 000 shares outstanding.

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Project news of Confederation Minerals Ltd.
12/22/2014Redstar extends known surface mineralization along the Shumi...
10/2/2013(Newman Todd)Latest Drill Results at Newman Todd (Including 10.0 Meters G...
9/20/2013(Newman Todd)Reports on Most Recent Assays from Their Mid-Summer Drilling...
8/28/2013(Newman Todd)Reports on Additional Assays from their Mid-Summer Drilling ...
4/8/2013Announces Initiation of a Preliminary Economic Assessment an...
9/19/2012(Newman Todd)Continues to Intersect High Grade Gold at Newman Todd, Retai...
5/9/2011(Newman Todd)Announces Initiation of Aggressive Drilling Program for Newm...
5/4/2011(Newman Todd)and Redstar Gold Corp. Announce Acquisition of Additional La...
4/8/2011(Newman Todd)Intersects Additional High-Grade Gold at Newman Todd
3/14/2011(Newman Todd)Intersects Multiple High Grade Gold Zones in Early Drill Res...
Corporate news of Confederation Minerals Ltd.
7/11/2016Confederation Announces Share Consolidation
4/20/2015Confederation Director Resigns
4/17/2015Confederation Appoints New Directors
3/24/2015Newman Todd Second Option
1/14/2015Confederation Minerals Clarifies Technical Disclosure for th...
11/19/2014Strategic Acquisition Consolidating the Unga Island High-Gra...
11/17/2014Redstar announces the appointment of Grant T. Smith as Chief...
10/30/2014Redstar Completes Renegotiation of Strategic Acquisition Con...
10/27/2014Redstar Completes Surface Field Program at its Unga Gold Pro...
5/1/2013Drills 7 Metres Grading 32.57 g/t Gold in Shallow (Approxima...
6/28/2011(Newman Todd)Newman Todd Update
6/20/2011(Newman Todd)Step-Out Drilling Discovers More High Grade Gold at Newman T...
5/31/2011American Potash LLC Signs Memorandum of Understanding with U...
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