TSXV:ALM - Post Discussion
Post by
FirstClass on Oct 13, 2020 2:14pm
RUN ! Alliance Mining to roll back shares 1:25 ,I WAS WRONG
Alliance Mining to roll back shares 1:25
2020-10-13 09:59 PT - News Release
Mr. Allan Beaton reports
ALLIANCE MINING CORPORATE UPDATE
Alliance Mining Corp. has arranged a share consolidation, which is anticipated to take place on or after Oct. 14, 2020. The company proposes to consolidate common shares on the basis of one (1) new post-consolidation common share for every twenty -five (25) pre-consolidation common shares (the "Consolidation"). Effective at the start of trading on or after the date of October 14, 2020, common shares of the Company will begin to trade on the Exchange on a consolidated basis. The number of common shares of the Company outstanding, post-consolidation, will be approximately 3,684,332.
As a result of the Consolidation, the Company's currently outstanding 92,108,310 common shares will be reduced to approximately 3,684,332 common shares. No fractional shares of the Corporation will be issued, and any fractional shares resulting from the Consolidation will be deemed to have been tendered for cancellation by the registered owner. The Company's name and trading symbol will remain unchanged. The Company will not be changing its name or completing any other restructuring in connection with the Consolidation. The Consolidation was approved by the shareholders of the Company on August 19, 2020 and is subject to final approval by the TSX Venture Exchange.
The Company's new CUSIP number is 01863P207 and the new ISIN number is CA01863P2070.
Registered shareholders will be required to exchange their share certificates representing pre- consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a transmittal letter after the effective date of the Consolidation. The transmittal letter will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to the Company's transfer agent, Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who has provided the required documents, a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, each share certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the Consolidation.
We seek Safe Harbor.
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