Battery X Metals Announces Effective Date of Share Consolidation
Battery X Metals has announced the implementation of a share consolidation effective December 10, 2024. The consolidation will be executed on a 3.3:1 basis, where every 3.3 pre-consolidation common shares will be converted into one post-consolidation share. Following the consolidation, the total number of outstanding common shares will be approximately 21,493,985. The company's name and trading symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. No fractional shares will be issued, and any resulting fractions will be rounded down. The consolidation will proportionally adjust the exercise price and number of shares for outstanding convertible securities.
Battery X Metals ha annunciato l'attuazione di una consolidazione delle azioni che entrerà in vigore il 10 dicembre 2024. La consolidazione sarà effettuata su base 3,3:1, dove ogni 3,3 azioni ordinarie pre-consolidazione verranno convertite in una azione post-consolidazione. Dopo la consolidazione, il numero totale di azioni ordinarie in circolazione sarà di circa 21.493.985. Il nome e i simboli di negoziazione dell'azienda rimarranno invariati, sebbene verranno assegnati nuovi numeri CUSIP e ISIN. Non saranno emesse azioni frazionarie e eventuali frazioni risultanti saranno arrotondate per difetto. La consolidazione regolerà proporzionalmente il prezzo di esercizio e il numero di azioni per i titoli convertibili in circolazione.
Battery X Metals ha anunciado la implementación de una consolidación de acciones que será efectiva el 10 de diciembre de 2024. La consolidación se llevará a cabo en una relación de 3,3:1, donde cada 3,3 acciones comunes antes de la consolidación se convertirán en una acción después de la consolidación. Tras la consolidación, el número total de acciones comunes en circulación será aproximadamente de 21.493.985. El nombre de la empresa y los símbolos de negociación permanecerán sin cambios, aunque se asignarán nuevos números CUSIP e ISIN. No se emitirán acciones fraccionarias, y cualquier fracción resultante se redondeará hacia abajo. La consolidación ajustará proporcionalmente el precio de ejercicio y el número de acciones de los valores convertibles en circulación.
Battery X Metals는 2024년 12월 10일 발효되는 주식 통합을 발표했습니다. 통합은 3.3:1 비율로 진행되며, 3.3개의 통합 전 보통주가 1개의 통합 후 주식으로 전환됩니다. 통합 후 발행된 보통주의 총 수는 약 21,493,985가 될 것입니다. 회사의 이름과 거래 기호는 변경되지 않지만 새로운 CUSIP 및 ISIN 번호가 부여됩니다. 분할 주식은 발행되지 않으며, 발생한 분수는 아래로 반올림됩니다. 통합은 발행된 전환 증권에 대한 행사가와 주식 수를 비례적으로 조정할 것입니다.
Battery X Metals a annoncé la mise en œuvre d'une consolidation des actions effective le 10 décembre 2024. La consolidation sera réalisée sur une base de 3,3:1, où chaque 3,3 actions ordinaires avant consolidation sera convertie en une action après consolidation. Suite à la consolidation, le nombre total d'actions ordinaires en circulation sera d'environ 21.493.985. Le nom et les symboles de négoce de la société resteront inchangés, bien que de nouveaux numéros CUSIP et ISIN seront attribués. Aucune action fractionnaire ne sera émise, et toute fraction résultante sera arrondie à l'entier inférieur. La consolidation ajustera proportionnellement le prix d'exercice et le nombre d'actions pour les titres convertibles en circulation.
Battery X Metals hat die Durchführung einer Aktienkonsolidierung angekündigt, die am 10. Dezember 2024 wirksam wird. Die Konsolidierung erfolgt im Verhältnis von 3,3:1, wobei jede 3,3 vor der Konsolidierung ausgegebene Stammaktie in eine nach der Konsolidierung ausgegebene Aktie umgewandelt wird. Nach der Konsolidierung wird die Gesamtzahl der ausgegebenen Stammaktien etwa 21.493.985 betragen. Der Name des Unternehmens und die Handelssymbole bleiben unverändert, jedoch werden neue CUSIP- und ISIN-Nummern zugewiesen. Es werden keine Bruchstücke von Aktien ausgegeben, und etwaige entstehende Bruchstücke werden nach unten gerundet. Die Konsolidierung wird den Ausübungspreis und die Anzahl der Aktien von ausstehenden wandelbaren Wertpapieren proportional anpassen.
- Share consolidation may provide increased flexibility for future financing opportunities
- Shareholders will experience a reduction in the number of shares held
- Share consolidation indicates potential dilution risk from future financing
VANCOUVER, BC / ACCESSWIRE / December 6, 2024 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) ("Battery X Metals" or the "Company") announces that, further to its news release dated November 29, 2024, the Company will implement the consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of three and one-third (3.3) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation"), effective as of December 10, 2024.
The Company's name and trading symbols will remain unchanged after the Consolidation. The new CUSIP number will be 07135M203 and its new ISIN number will be CA07135M2031 for the post-Consolidation Common Shares.
The total issued and outstanding number of Common Shares post-Consolidation will be approximately 21,493,985, subject to adjustments for rounding. No fractional Common Shares will be issued as a result of the Consolidation. Where the exchange results in a fractional share, the number of Common Shares will be rounded down to the nearest whole Common Share. The exercise or conversion price and/or the number of Common Shares issuable with respect to any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.
A letter of transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their certificates representing pre-Consolidation Common Shares along with a completed letter of transmittal to the Company's transfer agent, Endeavor Trust Corporation ("Endeavor"), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Endeavor or through the Company's profile on SEDAR+ at www.sedarplus.ca.
The board of directors of the Company is proceeding with the Consolidation on the basis that it may provide the Company with increased flexibility to seek additional financing opportunities.
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:R0W, WKN:A3EMJB) is committed to advancing the global clean energy transition through the development of proprietary technologies and domestic battery and critical metal resource exploration. The Company focuses on extending the lifespan of electric vehicle (EV) batteries, through its portfolio company, LIBRT1, recovering battery grade metals from end-of-life lithium-ion batteries, and the acquisition and exploration of battery and critical metals resources. For more information, visit batteryxmetals.com.
1
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
Certain information in this news release constitutes "forward-looking information" under applicable securities laws. "Forward-looking information" is defined as disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action and includes, without limitation, statements regarding the completion of the Consolidation and the terms and timing thereof.
Forward-looking statements reflect management's current beliefs, expectations, and assumptions based on available information as of the date of this release. However, forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements, including those risk factors described in the Company's public filings on SEDAR+, which may impact, among other things, the trading price and liquidity of the Common Shares. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof, and thus are subject to change thereafter. 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. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the Company's continuous disclosure filings accessible on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements in this news release are made as of the date hereof, and Battery X Metals disclaims any intention or obligation to update or revise such statements, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
SOURCE: Battery X Metals
View the original press release on accesswire.com
FAQ
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