May 16, 2012. Newmac Resources Inc. (“Newmac” or the “Company”) (TSX-V: NER) announces that, further to its news release dated March 6, 2012, the Company has decided to consolidate (the “Consolidation”) its issued and outstanding securities on the basis of twenty (20) old shares for one (1) new share. The Consolidation has been approved by the TSX Venture Exchange. The Consolidation will be effective (the “Effective Date”) as of the opening of the market on May 16, 2012. After giving effect to the Consolidation, Newmac will have 3,616,042 common shares issued and outstanding. All share purchase warrants and incentive share options outstanding at the Effective Date will be adjusted accordingly in number and in exercise price.
ON BEHALF OF THE BOARD
“Han Xin (Harrison) Wu”
Han Xin (Harrison) Wu
For further information, please contact:
Contact Name: Andrea Yuan
Telephone Number: (778) 889-4966
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 news release.
Some of the statements contained in this release are forward-looking statements. When used in this document, and on other published information of the Company, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential that the Company's projects will experience technical and mechanical problems, geological conditions may not result in commercial level of mineral resources, changes in product prices and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The information contained herein does not constitute an offer of securities for sale in the United States, United Kingdom, Canada, Japan or Australia.