Elcora Announces Share Consolidation
HALIFAX, Nova Scotia, May 23, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), a leading battery metals exploration company, announces that, pursuant to a director’s resolution, the Company will be consolidating all of its issued and outstanding share capital (the “Common Shares”) on the basis of every ten (10) old Common Shares into one (1) new Common Share (the “Share Consolidation”), subject to the approval from the TSX Venture Exchange (“TSX-V”).
- HALIFAX, Nova Scotia, May 23, 2024 (GLOBE NEWSWIRE) -- ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the "Company" or "Elcora"), a leading battery metals exploration company, announces that, pursuant to a director’s resolution, the Company will be consolidating all of its issued and outstanding share capital (the “Common Shares”) on the basis of every ten (10) old Common Shares into one (1) new Common Share (the “Share Consolidation”), subject to the approval from the TSX Venture Exchange (“TSX-V”).
- As a result of the proposed Share Consolidation, the issued and outstanding Common Shares will be reduced from 170,377,013 pre-Consolidation Shares to approximately 17,037,701 post-Consolidation Shares.
- No fractional shares will be issued as a result of the proposed Share Consolidation.
- The Company does not intend to change its name or its current trading symbol in connection with the proposed Share Consolidation.