RE:RE:NO ROLLBACK
Consolidation
Further to its news release dated March 8, 2022, the Company announces that it has consolidated its common shares on the basis of one (1) new post-consolidation common share for every three (3) pre-consolidation common shares effective as of April 6, 2022 (the "Consolidation").
Effective at the opening of market on April 6, 2022, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol "PPP" (CUSIP: 74359L105; ISIN: CA74359L1058). There are currently 148,140,238 common shares outstanding and following completion of the Consolidation and private placements, the Company will have approximately 54,767,975 shares outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded down to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares will receive a letter of transmittal from TSX Trust with instructions on how to exchange existing share certificates for new post-Consolidation share certificates