OREX ANNOUNCES SHARE CONSOLIDATION
VANCOUVER, BC, Sept. 22, 2023 /PRNewswire/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) ("Orex" or the "Company") today announced that, effective September 27, 2023, the Company will consolidate its issued and outstanding common shares (the "Shares") at a ratio of ten (10) pre-consolidation Shares to one (1) post-consolidation share (the "Consolidation").
- VANCOUVER, BC, Sept. 22, 2023 /PRNewswire/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) ("Orex" or the "Company") today announced that, effective September 27, 2023, the Company will consolidate its issued and outstanding common shares (the "Shares") at a ratio of ten (10) pre-consolidation Shares to one (1) post-consolidation share (the "Consolidation").
- The reasons for the Consolidation are to increase the Company's flexibility and competitiveness in the marketplace and to attract new equity investment in the Company.
- Following completion of the Consolidation, the Company expects to have approximately 18.74 million Shares outstanding.
- Letters of transmittal are being mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificate(s) for new share certificate(s).