(via TheNewswire)
The Consolidation is subject to regulatory approval.
The approximately 18,126,972 common shares of the Company currently outstanding will be reduced to approximately approximately 9,063,486 common shares. No fractional shares will be issued.Any fractional shares resulting from the consolidation of the Common Shares shall be converted such that each fractional Common Share remaining after conversion that is less than one-half of a Common Share be cancelled and each fractional Common Share that is at least one-half of a Common Share be changed to one whole Common Share.The exact number of post-consolidated common shares will vary depending on the treatment of fractional shares which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants would similarly be adjusted by the consolidation ratio.
The Company will not be changing its name and trading symbol in connection with the Consolidation.The Common Shares will continue to be traded on the
The Company will provide further details of the regulatory approval process in due course. This news release was prepared on behalf of the Board of Directors.
For further information about this news release and the Company's current activities contactinfo@confedreationmineralsltd.com, visit our website atwww.confederationmineralsltd.comor call us at 604-688-9588.
On behalf of the Board of Directors,
Confederation Minerals Ltd.
"David Velisek"
David Velisek
CEO and Director
NeitherTSXVentureExchange noritsRegulation ServicesProvider(asthattermis definedin the policies oftheTSXVentureExchange) acceptsresponsibilityforthe adequacy or accuracy of thisrelease.
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Copyright (c) 2020 TheNewswire - All rights reserved., source