Edmonton, AB – February 9, 2024 – Cortus Metals Inc. (the “Company” or “Cortus”) (TSXV: CRTS; OTCPK: CRTTF) is pleased to announce that its proposed share consolidation on the basis of 15 existing shares to one new common share (a “Post-Consolidated Share”) was approved by the shareholders at the Company’s Annual General and Special Meeting held on April 4, 2023. In addition, as permitted by the Articles, the board of directors has approved the change of name of the Company to “Metalero Mining Corp.”. The Company has now made the required submissions to the TSX Venture Exchange to effect the share consolidation and change of name.
Upon completion of the consolidation, the Company’s outstanding share capital will be approximately 6,336,356 shares. The Company’s shares will commence trading on the TSX-V under the new name and on a consolidated basis at the opening of trading on February 13, 2024 under the trading symbol “MLO”. The Company’s new CUSIP will be 59117L109 (ISIN: CA59117L1094). About Cortus Metals Inc. Cortus Metals Inc. is a Canadian mineral exploration company with a portfolio of early-stage projects in Nevada, USA, featuring epithermal and Carlin-type gold mineralization which are available for acquisition via sale, option and/or joint venture mechanisms. Cortus continuously seeks new opportunities to add value through the generation, exploration and development of mining projects worldwide.
On behalf of the Board of Directors “Sean Mager” Sean Mager, Chief Executive Officer
Email: seanm@cortusmetals.com
Telephone: +1.780.701.3215
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
The offered securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable state securities laws and may not be offered or sold in the United States or to “U.S. persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction. This news release may contain certain “forward looking statements”. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. NEITHER 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.
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