Terra Balcanica Announces Proposed Share Consolidation and Engages Market Maker
Vancouver, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) announces that its Board of Directors has approved a consolidation (the “Consolidation”) of the common shares of the Company (“Common Shares”) on a three-to-one basis.
- Vancouver, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) announces that its Board of Directors has approved a consolidation (the “Consolidation”) of the common shares of the Company (“Common Shares”) on a three-to-one basis.
- The Company currently has 100,574,553 Common Shares outstanding and, if completed, the proposed Consolidation would reduce the issued and outstanding Common Shares total to 33,524,851 Common Shares.
- Shareholder approval of the Consolidation was received by special resolution at the Company’s Special Meeting of Shareholders held on May 6th, 2024.
- Under the agreement, ITG will receive compensation of CAD $6,000 per month, payable monthly in advance for market making services, primarily to be conducted by ITG’s market maker, David Paterson Sears.