TSXV:JPWR.H - Post by User
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Red_Deeron Sep 22, 2021 4:58pm
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Post# 33902553
,,,,,,,,,,,,,,, 1 For 10 ROLL BACK ..........
,,,,,,,,,,,,,,, 1 For 10 ROLL BACK ..........Effective @ Open ToMorrow TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Jade Power Trust (“Jade Power” or the “Trust”) (TSXV:JPWR.UN) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has accepted the Trust’s application for its previously announced consolidation of the Trust’s outstanding trust units on the basis of one new trust unit for every 10 existing trust units (the “Consolidation”). The Consolidation will be effective and the trading of the trust units reflecting the Consolidation will commence at the opening of markets on September 23, 2021.
As a result of the Consolidation, the 231,216,256 trust units issued and outstanding prior to the Consolidation will be reduced to approximately 23,121,625 trust units. Each unitholder’s percentage ownership in the Trust and proportional voting power remains unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any fractional trust units.