There are currently 79,467,726 common shares issued and outstanding. Upon consolidation, there will be approximately 12,225,804 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares resulting from the consolidation will be rounded down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.
Registered shareholders will receive a letter of transmittal from the Company’s transfer agent,
The Board of Directors approved the consolidation on
(604) 922‐8272
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steve@vanrycap.com
(778) 985‐8934
sean@theparmargroup.com
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