At the Special Meeting, shareholders will be asked to approve a change of the Company name to 'Silver Elephant
At the Special Meeting, the Company also proposes to seek shareholder approval for a consolidation of its issued and outstanding Shares at a ratio between one (1) new Common Share for every five (5) to ten (10) old Common Shares outstanding (the 'Consolidation'). The effective date of the Name Change, the Consolidation ratio and the Consolidation, if approved, will occur at a future date to be determined by the Board when it considers it to be in the best interests of the Company to implement. The proposed Name Change and Consolidation are subject to certain regulatory approvals, including the approval of the TSX.
At the Special Meeting, the Company will further seek Shareholder approval for the ratification of 794,000 stock options previously granted to certain directors, officers, employees and consultants of the Company on
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