JNC Resources Commences Trading on 3:1 Share Split Basis
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VANCOUVER, BC / ACCESSWIRE / January 26, 2021 / (CSE:JNC)(OTC PINK:JNCCF)(Frankfurt:5VH) JNC Resources Inc. ("JNC" or the "Company") is pleased to announce that trading of the Company's common shares on a post-Split basis begins today on the CSE. With the approved forward split of three (3) new common shares for every one (1) common share there will be 60,786,000 issued and outstanding common shares in the capital of the Company. The Split will be carried out by way of the "push out" method requiring no action on the part of shareholders.
JNC CEO Michael Mulberry states "It may take a day for certain quotation systems to recognize the new structure and for shareholders to receive their shares however there will be no action required by our shareholders. We are very excited to have this corporate development complete and look forward to advancing our projects in 2021."
About JNC Resources Inc.
JNC is a North American-based junior mineral exploration company with a goal to develop under-explored properties and benefit from deal flow generated by strategic partnerships and growth opportunities. Currently the Company is developing its 100% optioned Triple 9 Project in South Central British Columbia. The Triple 9 Project is a gold property with a new discovery of high levels of base metals, located 20 km from the town of Sicamous. JNC also has an option agreement with Great Basin Resources to acquire 100% control and interest in the Imperial Project in Nevada. The Imperial Property is located in Esmeralda County, Nevada, which has been a prolific mining area in the state. The Property is in close proximity to the town of Goldfields, where gold production occurred in the early part of the 20th century. JNC also recently optioned the Malebo and Solomon claims in the province of NSW Australia, subject to closing, with an exploration program planned in 2021.
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This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur.
Although the Company believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: JNC Resources Inc.
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