Pegasus's 1:10 share rollback to take effect April 26
Pegasus's 1:10 share rollback to take effect April 26
2023-04-24 06:04 ET - News Release
Shares issued 117,343,488
PEGA Close 2023-04-21 C$ 0.015
Mr. Christian Timmins reports
PEGASUS RESOURCES ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION
Further to a news release dated April 6, 2023, Pegasus Resources Inc. has received TSX Venture Exchange approval for the consolidation of its shares on the basis of one postconsolidated share for every 10 preconsolidated shares.
The consolidation was approved by a director resolution dated April 4, 2023. The name of the company and trading symbol (PEGA) will remain the same after the consolidation. The company's Cusip number has been changed to 70558T204 and its new ISIN (international securities identification number) will be CA70558T2048.
Effective at the opening on April 26, 2023, the common shares of the company will commence trading on the TSX-V on a consolidated basis. Following consolidation, the company will have 11,734,348 common shares issued and outstanding and 15,677,975 on a fully diluted basis.
A transmittal process to receive new share certificates/DRS (direct registration system) advices through the company's transfer agent, Endeavor Trust Corp., will be facilitated. Shareholders holding their Pegasus shares through a broker will be adjusted automatically.
We seek Safe Harbor.