Apex Critical Metals Corp. Announces Forward Share Split
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) announces a forward split of its common shares on a 1.5:1 basis, effective November 6, 2024. Shareholders of record on November 7, 2024, will receive 0.5 additional shares for each share held. The split will increase the company's outstanding shares from 28,439,594 to approximately 42,659,391. The move aims to enhance share liquidity and marketability. The split will be conducted on a 'push-out' basis, maintaining the same CUSIP number. Outstanding stock options and warrants will be adjusted accordingly.
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) annuncia uno scorporo delle sue azioni ordinarie sulla base di 1.5:1, che entrerà in vigore il 6 novembre 2024. Gli azionisti registrati il 7 novembre 2024, riceveranno 0.5 azioni aggiuntive per ogni azione detenuta. Questo scorporo aumenterà le azioni in circolazione della società da 28.439.594 a circa 42.659.391. L'iniziativa mira a migliorare la liquidità e la commerciabilità delle azioni. Lo scorporo sarà effettuato su base 'push-out', mantenendo lo stesso numero CUSIP. Le opzioni azionarie e i warrant in circolazione saranno adeguati di conseguenza.
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) anuncia un desdoblamiento de sus acciones ordinarias en una base de 1.5:1, que entrará en vigor el 6 de noviembre de 2024. Los accionistas registrados el 7 de noviembre de 2024, recibirán 0.5 acciones adicionales por cada acción que posean. El desdoblamiento incrementará las acciones en circulación de la empresa de 28.439.594 a aproximadamente 42.659.391. Este movimiento tiene como objetivo mejorar la liquidez y la comerciabilidad de las acciones. El desdoblamiento se llevará a cabo sobre una base de 'push-out', manteniendo el mismo número CUSIP. Las opciones de acciones y los warrants pendientes se ajustarán en consecuencia.
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF)는 2024년 11월 6일부터 1.5:1 비율로 보통주 분할을 발표했습니다. 2024년 11월 7일 기준 주주들은 보유한 주식 1주당 0.5주의 추가 주식을 받게 됩니다. 이번 분할로 회사의 발행 주식 수는 28,439,594주에서 약 42,659,391주로 증가하게 됩니다. 이 조치는 주식의 유동성과 시장성을 증대시키기 위한 것입니다. 분할은 '푸시 아웃' 방식으로 진행되며, 동일한 CUSIP 번호를 유지합니다. 발행된 스톡 옵션과 워런트는 이에 맞춰 조정될 것입니다.
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) annonce un fractionnement de ses actions ordinaires à un ratio de 1,5 pour 1, prenant effet le 6 novembre 2024. Les actionnaires inscrits au 7 novembre 2024 recevront 0,5 action supplémentaire pour chaque action détenue. Ce fractionnement augmentera le nombre d'actions en circulation de la société de 28 439 594 à environ 42 659 391. Cette initiative vise à améliorer la liquidité et la commercialité des actions. Le fractionnement sera effectué sur une base 'push-out', en maintenant le même numéro CUSIP. Les options d'actions et les bons de souscription en circulation seront ajustés en conséquence.
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) gibt eine Aktiensplit seiner Stammaktien im Verhältnis 1.5:1 bekannt, der am 6. November 2024 wirksam wird. Aktionäre, die am 7. November 2024 registriert sind, erhalten 0.5 zusätzliche Aktien für jede gehaltene Aktie. Der Split wird die ausstehenden Aktien des Unternehmens von 28.439.594 auf etwa 42.659.391 erhöhen. Der Schritt zielt darauf ab, die Liquidität und Vermarktung der Aktien zu verbessern. Der Split erfolgt auf 'Push-Out'-Basis und behält die gleiche CUSIP-Nummer bei. Ausstehende Aktienoptionen und Warrants werden entsprechend angepasst.
- Increased share liquidity through 1.5:1 stock split
- No dilution of shareholder ownership percentages
- None.
VANCOUVER, BC / ACCESSWIRE / October 31, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce that it is undertaking a forward split of all of its issued and outstanding shares (the "Common Shares") on the basis of one and one-half (1.5) new Common Shares for one (1) old Common Share (1.5:1) (the "Forward Split"). All shareholders of record on November 7, 2024 will be entitled to receive one half of one (.5) additional Common Share pursuant to the Forward Split (the "Record Date"). The Company proposed the Forward Split to increase the liquidity and marketability of the Common Shares.
As per Canadian Securities Exchange ("CSE") policy, the Forward Split will be conducted on a "push-out" basis and therefore the CUSIP number for the Common Shares will remain unchanged. DRS statements for the additional one half of one Common Share resulting from the Forward Split will be mailed to the shareholders as of the Record Date by the Company's Transfer Agent, Odyssey Trust Company. Shareholders of the Company do not need to take any action with respect to the Forward Split. The Forward Split will not materially affect the percentage ownership in the Company of shareholders even though such ownership will be represented by a larger number of Common Shares.
The Company currently has 28,439,594 Common Shares issued and outstanding. Upon completion of the Forward Split, the Company will have approximately 42,659,391 Common Shares outstanding. The Common Shares will begin trading on a post-Forward Split basis under the existing stock trading symbol "APXC" effective at the opening of markets on November 6, 2024. The Forward Split remains subject to the approval of the CSE.
Outstanding stock options and share purchase warrants will also be adjusted by the Forward Split ratio and the respective exercise prices of outstanding stock options and share purchase warrants will be adjusted accordingly.
About Apex Critical Metals Corp.
Apex Critical Metals Corp.is a Canadian exploration company specializing in the acquisition and development of high potential rare earth elements (REE's) and niobium properties. Apex Critical Metals is publicly listed on the CSE, and its Common Shares currently trade under the symbol "APXC".
On Behalf of the Board of Directors
APEX CRITICAL METALS CORP.,
Sean Charland
Chief Executive Officer
Tel: 604.681.1568
Email: info@apexcriticalmetals.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to the receipt of final approval from the CSE for the Forward Split and the expected timing of commencement of trading. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to, the Forward Split may not be completed as expected or at all and those additional risks set out in the Company's public documents filed on SEDAR+ at www.sedarplus.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Apex Critical Metals Corp.
View the original press release on accesswire.com
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