The Consolidation will result in the 16,426,953,124 pre-Consolidation common shares issued and outstanding on
Following the Consolidation, the total number of voting rights in the Company is 164,269,464.
As previously announced, fractional shares resulting from the Consolidation will be cancelled following the Consolidation. Outstanding Options and Warrants exercisable into common shares will be adjusted according to the terms of their respective instruments by the Consoldiation ratio.
The ticker (or TIDM) on the CSE and LSE, and the Company's name, will remain unchanged following the Consolidation.
About the Company
COPL is an international oil and gas exploration, development and production company actively pursuing opportunities in
Contact:
Mr.
Tel: + 1 (403) 262 5441
This news release contains forward-looking statements. The use of any of the words 'initial, 'scheduled', 'can', 'will', 'prior to', 'estimate', 'anticipate', 'believe', 'should', 'forecast', 'future', 'continue', 'may', 'expect', and similar expressions are intended to identify forward-looking statements. Forward-looking information in this press release includes, without limitation, statements relating to the timing, terms and completion of the Consolidation, including the ratio of pre-Consolidation common shares to post-Consolidation Common Shares that will be effected, non-issuance of fractional shares, the CUSIP and ISIN of common shares following the completion of the Consolidation, and timing for the commencement of trading on the CSE following the completion of the Consolidation. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since the Company can give no assurance that they will prove to be correct since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties most of which are beyond the control of
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