Bullboard - Stock Discussion Forum Vela Minerals Ltd. V.VLA

Metals & Mining Industrial Metals & Minerals

"Vela Minerals Ltd is engaged in acquiring and exploring mineral properties. The company is involved in the business of exploration and evaluation properties includes; Rossland property located in British Columbia."

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TSXV:VLA - Post Discussion

Vela Minerals Ltd. > Arbor Metals to Implement Forward Share Split

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Post by sueron on Nov 15, 2021 10:08am

Arbor Metals to Implement Forward Share Split

Not saying to buy or sell..

Vancouver, Canada - TheNewswire – November 14, 2021 – Arbor Metals Corp. (the “Company”) (TSXV:ABR), (FWB:432) announces that it will undertake a forward share split on the basis of three common shares for every one common share currently outstanding. The share split is intended to improve liquidity and provide a more attractive capital structure for potential investors. Following completion of the share split, the Company will have approximately 163,710,225 common shares outstanding.

The Company intends to implement the share split prior to the end of 2021. Completion of the share split remains subject to the approval of the TSX Venture Exchange. The Company will issue a further news release once such approval has been obtained and a record date determined for the share split.

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