RE:RE:1 for 60bball67 wrote: A few more thoughts, I would expect a press release Monday morning stating that the the BOD approved a 1 for 60 split. Normally, there is a longer period of time before the effective date of a split but I am ok with getting it done fast.
"T.PMN | December 2, 2021 TORONTO and CAMBRIDGE, Mass., Dec. 02, 2021 (GLOBE NEWSWIRE) -- ProMIS Neurosciences Inc. (TSX: PMN) (OTCQB: ARFXF) (the “Company”), a biotechnology company focused on the discovery and development of antibody therapeutics targeting toxic oligomers implicated in the development of neurodegenerative diseases, is pleased to announce shareholders passed the share consolidation resolution at its special general meeting of shareholders (the “Special Meeting”) held on December 1, 2021.
With the successful passing of the share consolidation special resolution, the Board of Directors is now authorized, at any time on or before July 1, 2023, to consolidate the common shares of the Company within a range from a ratio of thirty pre-consolidation common shares to one post-consolidation common share up to a ratio of sixty pre-consolidation common shares for one post-consolidated common share.
A total of 205,435,000 shares voted in favour of the special resolution (88.02%) and 27,951,067 shares voted against the special resolution (11.98%). A total of 233,386,067 shares were represented at the Special Meeting, being approximately 54% of the Company’s issued and outstanding common shares, by persons present either in person or by proxy.
The Board plans to proceed with the share consolidation proximately to a listing of the Company’s shares on a stock exchange in the United States."
G1945V