VANCOUVER, British Columbia, Jan. 26, 2024 (GLOBE NEWSWIRE) — Refined Metals Corp. (CSE: RMC; OTC: RFMCF; FRA:CWA0) (the “Firm”) is happy to announce that its board of administrators has authorised a consolidation (the “Consolidation”) of the frequent shares of the Firm (“Frequent Shares”) on a two-to-one foundation. The Firm has 57,288,955 Frequent Shares excellent and, if accomplished, the proposed Consolidation would cut back the issued and excellent Frequent Shares to roughly 28,644,478 Frequent Shares.
The Firm anticipates that the proposed Consolidation will take impact on or about February 15, 2024, at which era the Frequent Shares are anticipated to commerce on a consolidated foundation beneath the present identify and buying and selling image. The Firm will challenge a subsequent information launch, following its submitting of all vital documentation with the CSE in respect of the proposed Consolidation, saying the efficient date of the proposed Consolidation, the brand new CUSIP and ISIN for the consolidated Frequent Shares and every other related particulars relating to the proposed Consolidation. No fractional Frequent Shares will likely be issued on account of the proposed Consolidation. Any fractional Frequent Shares ensuing from the proposed Consolidation will likely be rounded up, within the case of a fractional curiosity that’s 0.5 or higher, or rounded down, within the case of a fractional curiosity that’s lower than 0.5, to the closest complete variety of Frequent Shares, and no money consideration will likely be paid in respect of fractional Frequent Shares rounded right down to the closest complete Frequent Share.
About Refined Metals Corp.
Refined Metals Corp. is a junior mining firm devoted to figuring out, evaluating and buying pursuits in mineral properties in North America. The Firm’s enterprise is at the moment targeted on the exploration and growth of the Simard Property, a potential, exploration stage lithium property situated within the Lac Simard area of Quebec. The Firm can also be occasion to an possibility settlement in respect of the Horizon South Property, a potential, exploration stage lithium property situated in Tonopah Nevada. The Firm continues to evaluate different mineral properties in North America for attainable acquisition sooner or later.
For additional info, please contact:
Telephone: (604) 398-3378
Electronic mail: [email protected]
Sure statements contained on this press launch represent forward-looking info. These statements relate to future occasions or future efficiency. The usage of any of the phrases “may”, “intend”, “count on”, “imagine”, “will”, “projected”, “estimated” and comparable expressions and statements referring to issues that aren’t historic details are supposed to determine forward-looking info and are based mostly on the Firm’s present beliefs or assumptions as to the end result and timing of such future occasions. Specifically, this press launch comprises forward-looking info referring to, amongst different issues, the proposed Consolidation, together with the proposed consolidation ratio, the anticipated efficient date of the Consolidation and the anticipated impact of the Consolidation on buying and selling within the Frequent Shares.
Numerous assumptions or components are sometimes utilized in drawing conclusions or making the forecasts or projections set out in forward-looking info, together with, in respect of the forward-looking info included on this press launch, the idea that the Canadian Securities Trade won’t object to the proposed Consolidation and that the Consolidation will likely be accomplished as at the moment anticipated and on the timeline at the moment anticipated.
Though forward-looking info relies on the affordable assumptions of the Firm’s administration, there could be no assurance that any forward-looking info will show to be correct. Ahead wanting info entails recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such components embody, amongst different issues, that the Canadian Securities Trade could object to the proposed Consolidation and use its discretion to ban the proposed Consolidation; that the Consolidation will not be accomplished by the Firm on the timeline anticipated, or in any respect; and that the board of administrators of the Firm retains discretion over the phrases and implementation of the Consolidation. The forward-looking info contained on this launch is made as of the date hereof, and the Firm is just not obligated to replace or revise any forward-looking info, whether or not on account of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines. Due to the dangers, uncertainties and assumptions contained herein, traders shouldn’t place undue reliance on forward-looking info. The foregoing statements expressly qualify any forward-looking info contained herein.
The Canadian Securities Trade (CSE) has not reviewed, authorised, or disapproved the contents of this press launch.