Mr. Norm Yurik
reports
CMP MINING ANNOUNCES PROPOSED SHARE CONSOLIDATION AND APPOINTMENT OF INTERIM CEO
CMP Mining Inc. intends to consolidate the common shares in the capital of the company on the basis of five preconsolidation common shares for every one postconsolidation common share.
The company currently has 14,988,000 common shares issued and outstanding, and, following the consolidation, the company will have approximately 2,997,600 common shares issued and outstanding, prior to rounding for fractional shares.
The consolidation was approved by the board of directors of the company in accordance with the articles of the company but remains subject to the approval of the Canadian Securities Exchange. The company will issue a further news release announcing the effective date of the consolidation upon receiving exchange approval. The company will not be changing its name in conjunction with the consolidation.
The company is also pleased to announce the appointment of David Velisek as interim chief executive officer of the company. Mr. Velisek currently serves as a member of the board.
Mr. Velisek has over 25 years of capital markets experience as a licensed equities, options and futures trader, investment adviser and public company consultant. He is currently a director of Pluto Ventures Inc. and has served on the boards of numerous public companies. Mr. Velisek is currently employed with Baron Global Financial Canada Ltd.
About CMP Mining Inc.
CMP Mining is a mineral exploration company focused on its Coquigold property located near Merritt, B.C.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.