News release......Forward Split 3new for 1 old..... Prospect Park shareholders approve 3-for-1 share split
2020-11-18 09:52 PT - News Release
Mr. James Greig reports
PROSPECT PARK CAPITAL ANNOUNCES RESULTS OF SHAREHOLDER MEETING
Prospect Park Capital Corp.'s shareholders have voted, at the special meeting of shareholders on Nov. 16, 2020, unanimously in favour of all matters put to shareholders at the meeting, namely: confirming the new advance notice bylaw and approving the split of the common shares of the company on the basis of up to three postsplit common shares for each one presplit common share. For more information on the matters voted on at the meeting, please see the company's management information circular dated Oct. 15, 2020, which is available on SEDAR.
The total number of shares represented in person or by proxy at the meeting was 1,429,900, representing 30.16 per cent of the total issued and outstanding shares in the capital of the company. All shares were voted in favour of both resolutions.
The directors of the company, in its sole discretion, may revoke the resolution approving the split and abandon the split without further approval, action by or prior notice to shareholders. The split is subject to regulatory approval, including the approval of the TSX Venture Exchange. Registered shareholders are advised not to mail in the certificate(s) representing their common shares until they receive a letter of transmittal and confirmation from the company by way of news release that the directors of the company have decided to implement the split.
We seek Safe Harbor.