Vancouver, British Columbia – June 22, 2021 – Academy Metals Inc. (TSXV: AM) (the “Company”) announces that effective at the close of business on June 23, 2021 it will consolidate its common share capital on a ten-for-one basis (the “Consolidation”).  Effective at the opening of markets on June 24, 2021, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol “AM”.  

The Company currently has 18,500,789 common shares issued and outstanding and following completion of the Consolidation it is expected that the Company will have approximately 1,850,079 shares outstanding.   

No fractional shares will be issued in connection with the Consolidation.  Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares.   Registered holders of common shares of the Company will receive a letter of transmittal from Odyssey

Trust Company with instructions on how to exchange existing share certificates for new postConsolidation share certificates.

For additional information please feel free to contact:

Peter Born,
President and Director

Academy Metals Inc.
Tel: (604) 681-0004
Email: [email protected]  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking.  Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.