Altan Nevada Minerals arranges 1:10 share rollback
2022-03-11 12:42 ET - News Release
Mr. Paul Stephen reports
ALTAN NEVADA ANNOUNCES SHARE CONSOLIDATION
Further to its news releases dated Sept. 24, 2021, and Dec. 24, 2021, effective as of March 15, 2022, Altan Nevada Minerals Ltd. will consolidate its issued and outstanding common shares at a ratio of one postconsolidation share to 10 preconsolidation shares.
No fractional shares will be issued as a result of the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater and rounded down to the next lower whole number if the fraction is less than 0.5.
The shares will commence trading on the TSX Venture Exchange on a postconsolidation basis at the start of trading on March 15, 2022.
Holders of shares who hold uncertificated shares (including shares held through a brokerage account and/or not represented by a physical share certificate) will have their holdings electronically adjusted by the company's transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their preconsolidation shares for postconsolidation shares. Letters of transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificate(s) for new share certificate(s). A letter of transmittal will also be available on the company's profile on SEDAR.
Prior to implementing the consolidation, the company had 139,290,890 shares issued and outstanding; and, immediately after implementing the consolidation, the company will have 13,929,089 shares issued and outstanding, subject to any fractional rounding.
The company's new Cusip number is 02144U304 and its new ISIN number is CA02144U3047.
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