GREY:EDYYF - Post by User
Comment by
ranmanon Apr 02, 2019 1:06pm
117 Views
Post# 29570905
RE:Share Consolidation
RE:Share Consolidationsold half my holding at 4 cents. Cost me $013 on average.
Let's see where this lands.
Hejhog wrote: The Board believes that it may be in the best interests of the Corporation to consolidate the outstanding common shares of the Corporation on a one (1) for-five (5) basis (the “Share Consolidation”) in order to heighten the interest of the financial community in the Corporation, and attract larger institutional investors whose investment guidelines restrict their ability to acquire the Corporation’s common shares at current prices. As at March 1, 2019, an aggregate of 299,376,215 of the Corporation’s common shares were issued and outstanding, 202,984,045 additional common shares were issuable pursuant to the exercise of the Corporation’s outstanding common share purchase warrants and 17,700,011 stock options or other convertible securities, representing an aggregate of 520,060,271 common shares outstanding on a fully-diluted basis.