CALGARY,
Sept. 10, 2013 /CNW/ - Galway
Metals Inc. (TSX-V: GWM) ("Galway") held its Special
Meeting of shareholders on September 10,
2013 (the "Meeting").
At the Meeting, 98.22% of shareholders who
attended in person or by proxy approved the consolidation of
Galway's issued and outstanding shares on the basis of three (3)
pre-consolidation shares for one (1) post-consolidation shares.
Completion of the consolidation is subject to approval from the TSX
Venture Exchange, and upon approval, Galway shares will begin
trading on a consolidated basis. There is no change to Galway's
name or trading symbol.
Following the consolidation and subject to
rounding, Galway will have 49,895,248 issued and outstanding shares
with an estimated weighted average price of $0.12 per share (based on the closing price on
September 9, 2013 of $0.045).
Neither the TSX-V nor its regulation
services provider (as that term is defined in the policies of the
TSX-V) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Statements:
Certain statements contained in this release
containing words like "believe", "intend", "may", "will", "expect",
"would", "potential" and other similar expressions, are
forward-looking statements that involve a number of risks and
uncertainties. Statements in this release that are forward-looking
statements are subject to various risks and uncertainties. Such
information contained herein represents management's best judgment
as of the date hereof based on information currently available.
Galway Metals does not assume the obligation to update any
forward-looking statement, except as required by law.
SOURCE Galway Metals Inc