Consolidation

United Lithium to Proceed with 3 for 1 Share Consolidation

Retrieved on: 
Thursday, December 21, 2023
Lithium, Consolidation, CUSIP, Letter, Exercise, Security (finance)

Prior to the Consolidation, the Company has 123,223,127 Shares issued and outstanding and will have approximately 41,074,376 Shares issued and outstanding upon completion.

Key Points: 
  • Prior to the Consolidation, the Company has 123,223,127 Shares issued and outstanding and will have approximately 41,074,376 Shares issued and outstanding upon completion.
  • No fractional Shares will be issued under the Consolidation.
  • A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Shares in exchange for post-Consolidation Shares issued as a result of the Consolidation.
  • All of the Company’s outstanding share purchase options and share purchase warrants will also be adjusted by the Consolidation ratio and the respective exercise prices of those outstanding options and share purchase warrants will be adjusted accordingly.

Cielo Announces Fiscal Q2 2024 Financial Results and Filing of Restated Q1 Financial Statements

Retrieved on: 
Friday, December 15, 2023
Research, Bank statement, Consolidation, Asset, Cielo, TSX Venture Exchange, Sale, CFO, Cryptocurrency

During the quarter ended October 31, 2023, Cielo had negative operating cash flow of $1.1 million, consistent with prior periods, and as expected in a pre-revenue business.

Key Points: 
  • During the quarter ended October 31, 2023, Cielo had negative operating cash flow of $1.1 million, consistent with prior periods, and as expected in a pre-revenue business.
  • Cielo expects cash flow from operations to be negative during the product development stages of the Company.
  • Cielo restated these financial statements resulting in an impairment of property, plant and equipment and net and comprehensive loss of $3.8 million and $5.9 million, respectively.
  • These restated financial statements reflect the restated balances of Property, plant and equipment and total assets of $11.1 million and $25.5 million, respectively.

CAPREIT Announces December 2023 Distribution and Special Non-Cash Distribution

Retrieved on: 
Friday, December 15, 2023
Consolidation, Trust, TSX, Toronto Stock Exchange, Income tax, Cryptocurrency

The December 2023 distribution will be payable on January 15, 2024 to Unitholders of record at the close of business on December 29, 2023.

Key Points: 
  • The December 2023 distribution will be payable on January 15, 2024 to Unitholders of record at the close of business on December 29, 2023.
  • CAPREIT also announced that it has declared a special non-cash distribution of $0.49 per Unit, payable in Units of CAPREIT (the “Additional Units”) on December 29, 2023 to Unitholders of record at the close of business on December 29, 2023 (the “Special Distribution”).
  • Immediately after the payment of the Special Distribution, the issued and outstanding Units of CAPREIT, including the Additional Units, will be consolidated such that the aggregate number of issued and outstanding Units immediately following the Special Distribution will be the same as the aggregate number of issued and outstanding Units of CAPREIT immediately before the Special Distribution (the “Consolidation”).
  • CAPREIT recommends that Unitholders consult their own tax advisors regarding the income tax consequences to them of this anticipated Special Distribution and related Unit consolidation.

Aeterna Zentaris and Ceapro Announce Merger of Equals to Create a Diversified Biopharmaceutical Company

Retrieved on: 
Thursday, December 14, 2023
Par value, Aveeno, EDGAR, Research, Pharmacy, LLP, Consolidation, Transaction, TMX Group, Neutrogena, FGS, Arrangement, Growth, TSX, Toronto Stock Exchange, Exercise, Blake, Cassels & Graydon, Security (finance)

Shareholders of each company will share in future value creation, with existing securityholders of Aeterna and Ceapro to each own 50% of the combined company, respectively (assuming the exercise of all Transaction Warrants (as defined below)).

Key Points: 
  • Shareholders of each company will share in future value creation, with existing securityholders of Aeterna and Ceapro to each own 50% of the combined company, respectively (assuming the exercise of all Transaction Warrants (as defined below)).
  • The anticipated dual Nasdaq and TSX listing is expected to provide additional volume and an improved capital market profile for the combined company.
  • The terms of the Transaction are set out in a definitive arrangement agreement (the “Arrangement Agreement”) between Aeterna and Ceapro.
  • Similarly, certain officers and directors of Aeterna have entered into lock-up agreements with Ceapro, agreeing to vote their Aeterna common shares in favour of the Transaction.

Triple One Metals Inc. enters into definitive property purchase agreement with Portsmouth Gold Corp. and appoints Paul Gill as Chief Executive Officer and Director

Retrieved on: 
Friday, December 8, 2023
Placement, Lithium, Political science, Agreement, Acquisition, Mining, Nickel, Consolidation, Business administration, Gold, Transaction, Chairperson, Columbia, Property, Knowledge, Electric vehicle, Simon Fraser University, Triple One, Vancouver Community College, Bank vault, Automation, Security (finance)

Each Transaction Unit will comprise one post-Consolidation common share (a “Transaction Share”) and one share purchase warrant (each whole warrant, a “Transaction Warrant”).

Key Points: 
  • Each Transaction Unit will comprise one post-Consolidation common share (a “Transaction Share”) and one share purchase warrant (each whole warrant, a “Transaction Warrant”).
  • In connection with the Transaction, the Company has appointed Paul Gill, the President of Portsmouth, as a director and as Chief Executive Officer of the Company.
  • Mr. Gill replaces Mr. Paul K. Smith as Chief Executive Officer, who has acted in this capacity since the Company’s inception.
  • The Company’s outstanding stock options and share purchase warrants will be adjusted upon completion of the Consolidation on the same basis.

Cielo Announces Shares for Debt Transaction and Provides Additional Updates

Retrieved on: 
Monday, December 4, 2023
COP28, Share (finance), TSX Venture Exchange, CDN, Consolidation, CMC, Patent, Thermal, News, Biomass, Fluid catalytic cracking, NEWS, Biofuel, International organization, Calendar, Exchange, GBA

CALGARY, Alberta, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, announces today that it has executed an agreement for the repayment of approximately $62,000.00 in debt by way of share issuance (the “Shares for Debt Transaction”), subject to the approval of the TSX Venture Exchange (the “Exchange”).

Key Points: 
  • CALGARY, Alberta, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, announces today that it has executed an agreement for the repayment of approximately $62,000.00 in debt by way of share issuance (the “Shares for Debt Transaction”), subject to the approval of the TSX Venture Exchange (the “Exchange”).
  • As full and final repayment of CDN $62,307.70, the Company has agreed to issue 2,076,923 common shares at a price of $0.03 per share.
  • The Shares for Debt Transaction is subject to the approval of the Exchange.
  • Upon approval and issuance, the Repayment Shares will be subject to a hold period of 4 months.

FORTY PILLARS ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION

Retrieved on: 
Tuesday, November 28, 2023
CUSIP, Consolidation, Effective date, Letter, Exercise, News, Security (finance)

Vancouver, B.C., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) announces that, further to its news release dated November 17, 2023, effective at the opening of trading on November 30, 2023 (the “Effective Date”) the common shares of the Company (the “Shares”) will commence trading on the Canadian Securities Exchange on a consolidated basis, with one post-consolidated Share outstanding for every three pre-consolidation Shares (the “Consolidation”).

Key Points: 
  • Vancouver, B.C., Nov. 27, 2023 (GLOBE NEWSWIRE) -- Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) announces that, further to its news release dated November 17, 2023, effective at the opening of trading on November 30, 2023 (the “Effective Date”) the common shares of the Company (the “Shares”) will commence trading on the Canadian Securities Exchange on a consolidated basis, with one post-consolidated Share outstanding for every three pre-consolidation Shares (the “Consolidation”).
  • As a result of the Consolidation, on the Effective Date, a total of approximately 4,897,529 Shares will be issued and outstanding, subject to adjustments for rounding, with approximately 2,691,666 Shares reserved for issuance.
  • The record date for the Consolidation will be one trading day later on December 1, 2023.
  • No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to effect the Consolidation.

Cielo Announces Amendments to Agreements with Renewable U Energy Inc. and Provides Update on Securities Consolidation

Retrieved on: 
Monday, November 27, 2023
TSX Venture Exchange, Acquisition, Consolidation, CMC, News, Letter, Growth, Exchange, Commercial property

The Company also provides an updated on the previously disclosed, proposed securities consolidation of the common shares of Cielo (the “Consolidation”).

Key Points: 
  • The Company also provides an updated on the previously disclosed, proposed securities consolidation of the common shares of Cielo (the “Consolidation”).
  • On May 17th, 2023, Cielo had announced a termination agreement with Renewable U (the “Termination Agreement”) regarding the termination of memorandums of understanding that had been executed between the parties between 2018 and 2021.
  • An update will be provided with the effective date of the Consolidation once determined.
  • I look forward to supporting the growth of Cielo and the development of their projects.”

FORTY PILLARS ANNOUNCES PROPOSED SHARE CONSOLIDATION AND DIRECTOR APPOINTMENT

Retrieved on: 
Saturday, November 18, 2023
App, ISIN, Canadian Securities Exchange, 3D, CSE, UAV, CUSIP, News, Blockchain, Consolidation

Vancouver, B.C., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) announces that its board of directors has approved a share consolidation (the “Consolidation”) of the common shares in the capital of the Company at a ratio of three (3) pre-Consolidation common shares for one (1) post-Consolidation common share (the “Consolidated Shares”).

Key Points: 
  • Vancouver, B.C., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) announces that its board of directors has approved a share consolidation (the “Consolidation”) of the common shares in the capital of the Company at a ratio of three (3) pre-Consolidation common shares for one (1) post-Consolidation common share (the “Consolidated Shares”).
  • The proposed Consolidation would result in the number of issued and outstanding common shares being reduced from the current outstanding 14,692,589 common shares to approximately 4,897,529 common shares, subject to rounding.
  • Any fractional shares resulting from the Consolidation will be rounded up to the next whole common share, and no cash consideration will be paid in respect of fractional shares.
  • Notwithstanding the foregoing, the Company may, at its discretion, determine to amend the terms or not to move forward with the share consolidation.

XORTX Clarifies Timing for Share Consolidation

Retrieved on: 
Friday, November 10, 2023
TSX Venture Exchange, Therapy, Consolidation, Kidney disease, Exercise, CUSIP, Effective date, Letter, Security (finance), Share (finance)

The Consolidation has been approved by the TSX Venture Exchange (the “TSXV”) and follows approval of a consolidation of the Shares on the basis of a range of up to nine pre-consolidation Shares for every one post-consolidation Share at the special meeting of shareholders of the Company held on October 27, 2023.

Key Points: 
  • The Consolidation has been approved by the TSX Venture Exchange (the “TSXV”) and follows approval of a consolidation of the Shares on the basis of a range of up to nine pre-consolidation Shares for every one post-consolidation Share at the special meeting of shareholders of the Company held on October 27, 2023.
  • As a result of the Consolidation, the number of issued and outstanding Shares will be reduced from 17,989,687 to approximately 1,998,854, subject to adjustment for rounding.
  • No fractional shares will be issued in connection with the Consolidation.
  • Until surrendered, each share certificate representing pre-Consolidation Shares will represent the number of whole post-Consolidation shares to which the holder is entitled as a result of the Consolidation.