Darnley Bay Announces Proposed Share Consolidation

TORONTO, ONTARIO, Oct 30, 2014 (Marketwired via COMTEX) Darnley Bay Resources Limited (TSX VENTURE: DBL) ( Darnley Bay or the Company ) announces that it intends to consolidate its common shares (the Common Shares ) subject to the approval of its shareholders at its annual and special meeting of shareholders scheduled for November 27, 2014. The Company currently has 136,502,540 Common Shares issued and outstanding and proposes to consolidate its Common Shares such that one post-consolidation Common Share will be issued for every five pre-consolidation Common Shares outstanding on the effective date of the consolidation. Following a share consolidation on a five for one basis, the Company would have approximately 27,300,508 Common Shares outstanding, post-consolidation. The change in the number of issued and outstanding Common Shares that would result from the share consolidation would not materially affect any shareholder s percentage ownership in the Company, although such ownership
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