GREY:CHALF - Post by User
Post by
daveinvestoron May 20, 2021 11:24am
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Post# 33237583
May 25th is Name Change and Consolidation Day.
May 25th is Name Change and Consolidation Day. https://stockhouse.com/news/press-releases/2021/05/20/golden-leaf-announces-timing-of-corporate-name-change-xa0-to-chalice-brands-ltd
The Consolidation and the Name Change will take effect on Tuesday, May 25, 2021 and the Company's common shares will commence trading on a post-Consolidation basis under the new name and under the symbol “CHAL” on the Canadian Securities Exchange at the open of trading on May 20, 2021. The Company will receive a new symbol for the OTCQB in short-order and will announce separately.
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As a result of the Consolidation, approximately 1,358,871,942 common shares issued and outstanding prior to the Consolidation will be reduced to approximately 59,081,260 common shares. Each shareholder’s percentage ownership in the Company and proportional voting power will remain unchanged after the Consolidation. No fractional common shares will be issued in connection with the Consolidation and, in the event that a shareholder would otherwise be entitled to receive a fractional common share as a result of the Consolidation, such fraction will be rounded down to the nearest whole number.