O/S ballooning(new o/s is 119,000,000) Gaia Metals Corp. (the “Company”) (CSE: GMC) (OTCQB: RGDCF) (FSE: R9G) announces that the Board of Directors have approved a consolidation of the Company’s common shares on the basis of one (1) post-consolidated share for every three (3) pre-consolidated shares (the “Consolidation”).
Currently, the Company has 32,692,817 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 10,897,605 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia).
In conjunction with the Consolidation, the Company will be changing its name to “Patriot Battery Metals Inc.” The Company also intends to change its trading symbol on the Canadian Securities Exchange.