Exhibit 99.1
CIGMA METALS CORPORATION
NEWS RELEASE 01-2006 April 11, 2006
Trading Symbols:
The Pink Sheets: CGMV
FRANKFURT: C9K.FSE, C9K.ETR
NEWS RELEASE
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CIGMA METALS CORPORATION'S BOARD OF DIRECTORS ON APRIL 7, 2006 APPROVED A 2:1
STOCK SPLIT EFFECTIVE MAY 15, 2006 TO INCREASE THE TOTAL NUMBER OF ISSUED AND
OUTSTANDING COMMON SHARES OF THE COMPANY
Coolum Beach, Queensland, Australia, - April 11, 2006 - (The Pink Sheets:
"CGMV"; FRANKFURT: "C9K.FSE", "C9K.ETR") Cigma Metals Corporation's ("Cigma"),
Board of Directors on April 7, 2006 approved a 2:1 stock split effective May 15,
2006 (the "Effective Date") to increase the total number of issued and
outstanding common shares of the Company such that each Shareholder will receive
two new Shares for one old Share upon completion of the Split. The Company
believes a 2:1 stock split will enhance the liquidity and marketability of the
common shares and make the common shares accessible to a wider range of
investors.
Without further action on the part of the Cigma or its stockholders, each
share of its issued and outstanding common stock on the Effective Date (the
"PRE-SPLIT SHARES") shall be automatically converted and split into 2 shares of
common stock (the "POST-SPLIT SHARES"). Each certificate representing Pre-Split
Shares of common stock shall be deemed to represent a number of shares of
Post-Split Shares of common stock equal to the number of shares of Pre-Split
Shares common stock formerly represented by such certificate multiplied by two
(2) until such certificate has been exchanged for a certificate or certificates
representing the Post-Split Shares of common stock.
Cigma is a mineral exploration Company focusing on its interest in two
mineral exploration licences located in the Tomsk Oblast Region, of the, Russian
Federation, whose stock trades under the symbol "CGMV" on The Pink Sheets in the
United States of America, and under the symbols "C9K.FSE" and "C9K.ETR" on the
Frankfurt Stock Exchange in Germany.
For Further information, please call Lars Pearl
Phone: (+61) 411-156-177
Address: 1 Edith Place, Coolum Beach, Queensland, 4573 Australia
ON BEHALF OF THE BOARD
"Lars Pearl"
Lars Pearl
President and Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that plan for or anticipate the future,
called "forward-looking statements." In some cases, you can identify forward
looking statements by terminology such as "may," "will," "should," "could,"
"expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of those terms and other
comparable terminology.
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These forward-looking statements appear in a number of places in this press
release and include, but are not limited to, statements about: our market
opportunity; revenue generation; our strategies; competition; expected
activities and expenditures as we pursue our business plan; the adequacy of our
available cash resources; our ability to acquire properties on commercially
viable terms; challenges to our title to our properties; operating or technical
difficulties in connection with our exploration and development activities;
currency fluctuations; fluctuating market prices for precious and base medals;
the speculative nature of precious and base medals exploration and development
activities; environmental risks and hazards; governmental regulations; and
conduct of operations in politically and economically less developed areas of
the world.
Many of these contingencies and uncertainties can affect our actual results and
could cause actual results to differ materially from those expressed or implied
in any forward looking statements made by, or on behalf of, us. Forward looking
statements are not guarantees of future performance. All of the forward looking
statements made in this press release are qualified by these cautionary
statements. Specific reference is made to our most recent annual report on Form
10KSB and other filings made by us with the United States Securities and
Exchange Commission for more detailed discussions of the contingencies and
uncertainties enumerated above and the factors underlying the forward looking
statements. These reports and filings may be inspected and copied at the Public
Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F
Street, N.E., Washington, D.C. 20549. You can obtain information about operation
of the Public Reference Room by calling the U.S. Securities & Exchange
Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also
maintains an Internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the U.S. Securities & Exchange Commission at http://www.sec.gov.
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We disclaim any intention or obligation to update or revise any forward looking
statements whether as a result of new information, future events or otherwise,
except to the extent required by applicable laws.
This press release is for informational purposes only and is not and should not
be construed as an offer to solicit, buy, or sell any security.
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