Galway Metals announces share consolidation... Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to announce that it has received final approval from the TSX Venture Exchange to consolidate all of its common shares on the basis of one post-consolidation common share for every three pre-consolidation common shares (the "Consolidation"). The common shares of the Company (the "Common Shares") will commence trading on a post-Consolidation basis under the existing ticker symbol on January 27, 2023.
There are currently 201,549,423 Common Shares issued and outstanding and, following the Consolidation, there will be approximately 67,183,141 Common Shares issued and outstanding. No fractional Common Shares will be issued in connection with the Consolidation; any fractional interest in Common Shares resulting form the Consolidation will be rounded down to the nearest whole Common Share.
A letter of transmittal has been mailed to registered shareholders, containing instructions on how such shareholders may exchange their share certificates, evidencing their pre-Consolidation Common Shares for new certificates representing the number of post-Consolidation Common Shares to which they are entitled. No other action is required from shareholders.