GREY:EDYYF - Post by User
Comment by
etceteraon Jan 26, 2021 4:00pm
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Post# 32390339
RE:Part of Dec 22 press release
RE:Part of Dec 22 press releaseSurely a good news
It's not about consolidation as they do not need to halt transaction to announce the date of the consolidation if decided to do it.
A good example of is HEMOSTENIX ( HEM ).
They did a 20 :1 consolidation and transaction were never halt
Here a summary
On news dec 01, 2020
The shares are currently trading at $0.01. However, the company has obtained shareholder approval for a 20 for one share consolidation.
On Dec 18, 2020
Hemostemix Announces Closing of Existing Private Placement and Announces a New Private Placement
New Private Placement
The Company is pleased to announce that it will raise up to an additional $2,750,000 by way of a non-brokered private placement of units at $0.015 each (the "Units") (the "Offering"). Each Unit of the Offering is comprised of one common share (each a "Share") and one share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to acquire one additional Share in the capital of the Company at a price of $0.05 per Warrant for a period of one year from the date the Units are issued subject to the accelerated expiry provision described below.
On dec 23,2020
Hemostemix Announces Corporate Update
Calgary, Alberta--(Newsfile Corp. - December 23, 2020) - Hemostemix Inc. (TSXV: HEM) (OTC: HMTXF) ("Hemostemix" or the "Company") The Company is pleased to announce that the previously disclosed proposed consolidation of the common shares of the Company on the basis of twenty pre-consolidation shares for one post-consolidation share (the "Consolidation") will take effect, subject to final acceptance by the TSX Venture Exchange, on or about December 30, 2020 under new CUSIP number 423694306.
There will be no name change or trading symbol change in conjunction with the Consolidation. The Consolidation was approved by the Company's shareholders at the Annual General Meeting held on May 6, 2020.
Following the Consolidation, the total issued and outstanding common shares of the Company will be approximately 46,368,985.