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Kermode Resources Ltd KMDRF


Primary Symbol: V.KLM

Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Lucky Strike property is located in Nitinat, British Columbia and covers an area of approximately 3005 hectares. The Star of the West property is located in Port Alberni, British Columbia and covers an area of 3427 hectares. Its Caycuse Copper property is located in Caycuse, British Columbia and covers an area of 1532 hectares. The Loup Creek property is located 30 kilometers (kms) from Lake Cowichan and is accessible through the Gordon River Main Logging Road. The Santana Mines is located at Quadra Island, British Columbia. The Company also has an option agreement to acquire three properties, namely 911 Knockout, Eastgate BC and Slesse Creek.


TSXV:KLM - Post by User

Post by mrsgoldmineron Sep 25, 2023 5:59pm
116 Views
Post# 35653402

Kermode to roll back shares one for 10

Kermode to roll back shares one for 10

Kermode to roll back shares one for 10

 

2023-09-25 16:42 ET - News Release

 

Mr. Peter Bell reports

KERMODE ANNOUNCES 10:1 SHARE CONSOLIDATION

Kermode Resources Ltd. will consolidate the company's shares, subject to TSX Venture Exchange approval, on the basis of one postconsolidation common share for every 10 preconsolidation common shares. The company will not be seeking a new name or trading symbol. In accordance with the articles of the company, the consolidation may be approved by the board of directors of the company, and shareholder approval is not required.

The company will issue a future news release announcing the effective date of the consolidation and new Cusip and ISIN numbers.

Currently, there are 215,534,582 common shares issued and outstanding, and after the consolidation, there will be approximately 21,553,458 common shares issued and outstanding. No fractional shares will be issued as a result of the consolidation. Instead, any fractional share interest of 0.5 or higher arising from the consolidation will be rounded up to one whole share, and any fractional share interest of less than 0.5 will be cancelled.

Registered shareholders of the company will receive a letter of transmittal from the company's transfer agent with instructions for exchanging their preconsolidation shares. Shareholders who hold their shares through a broker or other intermediary will not need to complete a letter of transmittal.

About Kermode Resources Ltd.

Kermode is a junior mining company hunting for exploration opportunities around the world.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.

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