| ||December 18, 2013|
Lund Announces Name Change And Consolidation
| ||Lund Gold Ltd. ("Lund" or the "Company") wishes to announce that effective as of the opening of trading on the TSX Venture Exchange (the "Exchange") on December 19, 2013, the Company will trade under the new name of Lund Enterprises Corp. (the "Name Change"). Also, the Exchange has approved the consolidation of the Company's common share capital (the "Consolidation") on the basis of one (1) post-consolidated common share for every ten (10) pre-consolidated common shares held (the "Consolidation Ratio"). The Company's new trading symbol will be "LEN". The new CUSIP number for the Company's common shares will be 55036X109 and the ISIN number will be CA55036X1096.|
Any fractional shares resulting from the Consolidation will be converted to whole shares pursuant to the provisions of the Business Corporations Act (British Columbia). Outstanding stock options will similarly be adjusted by the Consolidation Ratio. The Company currently has 48,353,033 common shares issued and outstanding and after the Consolidation, the Company will have approximately 4,835,303 common shares issued and outstanding.
The Name Change was approved by the directors of the Company, and the Consolidation was approved by the Company's shareholders at the Company's annual general and special meeting of shareholders held on December 5, 2013.
Letters of transmittal with respect to the Consolidation and Name Change has been mailed to all registered shareholders of the Company on December 17, 2013. All registered shareholders will be required to send their respective certificates representing the pre-consolidated common shares along with a properly executed letter of transmittal to the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare (Corporate Actions 1-800-564-6253). All shareholders who submit a duly completed letter of transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post consolidated common share certificate.
To find out more about Lund Gold Ltd., please visit our website at www.lundgold.com.
On behalf of the Board of Directors of
LUND GOLD LTD.
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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