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Bullboard - Stock Discussion Forum Quebec Nickel Corp C.QNI

Alternate Symbol(s):  QNICF

Quebec Nickel Corp. is a Canada-based mineral exploration company focused on acquiring, exploring, and developing critical metals (nickel-copper-cobalt-platinum group elements) projects. The Company has a 100% interest in the Ducros Project, consisting of approximately 282 contiguous mining claims covering 15,293 hectares within the eastern portion of the Abitibi Greenstone Belt in Quebec... see more

CSE:QNI - Post Discussion

Quebec Nickel Corp > Quebec Nickel Announces Share Consolidation
View:
Post by Patrick2Linton on Dec 29, 2023 5:10pm

Quebec Nickel Announces Share Consolidation

Quebec Nickel Corp
Symbol QNI
Shares Issued 115,344,205
Close 2023-12-28 C$ 0.01
Recent Sedar Documents

 

Quebec Nickel to roll back shares 1:10 basis Jan. 8

 

2023-12-29 12:05 ET - News Release

 

Mr. David Patterson reports

QUEBEC NICKEL ANNOUNCES SHARE CONSOLIDATION

Quebec Nickel Corp. has arranged a 1:10 share consolidation of its issued and outstanding common shares.

QNI intends to consolidate its issued and outstanding share capital on the basis of 1 post- consolidation common share for each 10 pre-consolidation common shares (the "Consolidation"). Any fraction of a common share will be rounded up or down to the nearest whole number. The common shares are expected to begin trading on a consolidated basis and with new CUSIP number 748119708 on January 8, 2024, subject to the regulatory approvals, including the approval of the CSE.

As a result of the Consolidation, the outstanding common shares of QNI will be reduced to approximately 11,534,420.

Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures with respect to the share consolidation. QNI's transfer agent, Endeavor Trust Corporation ("Endeavor"), will mail a letter of transmittal to all registered shareholders of QNI that will contain instructions for exchanging their pre-Consolidation common shares for post-Consolidation common shares. Registered shareholders will be required to return their certificates representing pre-Consolidation common shares and a completed letter of transmittal to Endeavor. Any registered shareholder who submits a duly completed letter of transmittal to Endeavor along with pre-Consolidation share certificate will receive in return a post- Consolidation share certificate or Direct Registration System Advice. QNI's outstanding warrants and options will be adjusted on the same basis (10 to 1) as QNI's common shares, with proportionate adjustments being made to exercise prices.

QNI will not be changing its name or trading symbol in connection with the Consolidation. Trading on a Consolidated Basis is expected to occur on January 8, 2024 with a Record Date of January 9, 2024.

Comment by loopsbutterfly on Dec 29, 2023 5:25pm
Thanks for keeping us up to date and happy new year for you and your family It remembered me another stock basically in the same situation but I will keep it top secret of course it is ''QNI'' forum bid :$0.005 for the happy campers who want out..... best regard 
Comment by Patrick2Linton on Dec 29, 2023 6:11pm
Loops you called this awhile ago and are accurate in your information. Almost everytime when these get rolled back the stock retreats even further after the consolidation to do an insider favourable financing. Watch for a 5 cent financing with a 5 cent warrant after the consolidation completes. Thats another 50% haircut from today. Gracias. Grinnn.
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