HighCliff Metals Announces Completion of Consolidation
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) has completed its share consolidation on April 14, 2025, implementing a 4:1 ratio where four pre-consolidation common shares were converted into one post-consolidation share. The consolidation, approved by shareholders holding over 50% of outstanding shares as of February 28, 2025, resulted in a total of 4,668,265 common shares outstanding.
The consolidated shares began trading on the NEX board under the symbol 'HCM.M' with new CUSIP number 42984P205 and ISIN CA42984P2052. Fractional shares were handled by rounding up to the nearest whole number if equal to or greater than one-half, while smaller fractions were cancelled without compensation. Management believes this restructuring will improve the company's ability to attract capital financing and enhance growth opportunities.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) ha completato la sua consolidazione azionaria il 14 aprile 2025, applicando un rapporto di 4:1, per cui quattro azioni ordinarie pre-consolidamento sono state convertite in una azione post-consolidamento. La consolidazione, approvata dagli azionisti detentori di oltre il 50% delle azioni in circolazione al 28 febbraio 2025, ha portato a un totale di 4.668.265 azioni ordinarie in circolazione.
Le azioni consolidate hanno iniziato a essere quotate sul mercato NEX con il simbolo 'HCM.M', con il nuovo numero CUSIP 42984P205 e ISIN CA42984P2052. Le azioni frazionarie sono state arrotondate all’unità superiore se pari o superiori a metà, mentre le frazioni inferiori sono state annullate senza compenso. La direzione ritiene che questa ristrutturazione migliorerà la capacità della società di attrarre finanziamenti e favorirà le opportunità di crescita.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) completó su consolidación de acciones el 14 de abril de 2025, aplicando una proporción de 4:1, donde cuatro acciones comunes pre-consolidación se convirtieron en una acción post-consolidación. La consolidación, aprobada por accionistas que poseen más del 50% de las acciones en circulación al 28 de febrero de 2025, resultó en un total de 4,668,265 acciones comunes en circulación.
Las acciones consolidadas comenzaron a cotizar en la bolsa NEX bajo el símbolo 'HCM.M', con el nuevo número CUSIP 42984P205 y el ISIN CA42984P2052. Las fracciones de acciones se redondearon al número entero más cercano si eran iguales o mayores a la mitad, mientras que las fracciones menores se cancelaron sin compensación. La gerencia considera que esta reestructuración mejorará la capacidad de la empresa para atraer financiamiento y potenciar las oportunidades de crecimiento.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF)는 2025년 4월 14일 주식 병합을 완료했으며, 4:1 비율로 병합 전 4주가 병합 후 1주로 전환되었습니다. 2025년 2월 28일 기준으로 발행 주식의 50% 이상을 보유한 주주들의 승인을 받은 이번 병합으로 총 4,668,265주의 보통주가 발행되었습니다.
병합된 주식은 NEX 시장에서 'HCM.M' 심볼로 거래를 시작했으며, 새로운 CUSIP 번호 42984P205와 ISIN CA42984P2052가 부여되었습니다. 소수 주식은 0.5주 이상일 경우 반올림하여 처리되었고, 그보다 작은 소수는 보상 없이 취소되었습니다. 경영진은 이번 구조조정이 자본 조달 능력을 향상시키고 성장 기회를 확대할 것이라고 믿고 있습니다.
HighCliff Metals Corp (TSXV : HCM.H) (OTC : IMAHF) a finalisé sa consolidation d’actions le 14 avril 2025, appliquant un ratio de 4 pour 1, où quatre actions ordinaires avant consolidation ont été converties en une action après consolidation. La consolidation, approuvée par des actionnaires détenant plus de 50 % des actions en circulation au 28 février 2025, a abouti à un total de 4 668 265 actions ordinaires en circulation.
Les actions consolidées ont commencé à être négociées sur le marché NEX sous le symbole 'HCM.M', avec un nouveau numéro CUSIP 42984P205 et un ISIN CA42984P2052. Les fractions d’actions ont été arrondies à l’unité supérieure si elles étaient égales ou supérieures à la moitié, tandis que les fractions inférieures ont été annulées sans compensation. La direction estime que cette restructuration améliorera la capacité de l’entreprise à attirer des financements et favorisera les opportunités de croissance.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) hat am 14. April 2025 seine Aktienteilung abgeschlossen und dabei ein Verhältnis von 4:1 umgesetzt, bei dem vier Aktien vor der Konsolidierung in eine Aktie nach der Konsolidierung umgewandelt wurden. Die Konsolidierung, die von Aktionären genehmigt wurde, die über 50 % der ausstehenden Aktien zum 28. Februar 2025 hielten, führte zu insgesamt 4.668.265 ausstehenden Stammaktien.
Die konsolidierten Aktien begannen unter dem Symbol 'HCM.M' mit der neuen CUSIP-Nummer 42984P205 und ISIN CA42984P2052 an der NEX-Börse gehandelt zu werden. Bruchstücke von Aktien wurden aufgerundet, wenn sie eine halbe Aktie oder mehr betrugen, während kleinere Bruchteile ohne Entschädigung gestrichen wurden. Das Management ist der Ansicht, dass diese Umstrukturierung die Fähigkeit des Unternehmens verbessern wird, Kapital zu beschaffen, und Wachstumschancen fördert.
- Share consolidation could improve ability to attract future capital financing
- Strong shareholder support with over 50% approval
- Fractional shares less than 1/2 were cancelled without compensation
- Trading moved to NEX board, indicating possible financial or operational challenges
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - HighCliff Metals Corp. (TSXV: HCM.H) (OTC: IMAHF) ("Company") announces the completion of the consolidation (the "Consolidation") of all of its issued and outstanding common shares ("Common Shares") on the basis of four (4) pre-Consolidation Common Shares for every one (1) post-Consolidation Common Share was completed, effective April 14, 2025.
In accordance with the Policy of the NEX board (the "NEX") of the TSXV Venture Exchange (the "Exchange") and Policy 5.8 of the Exchange, shareholders of the Company holding more than
Immediately upon completion of the Consolidation, there were 4,668,265 Common Shares issued and outstanding. No fractional Common Shares were issued as a result of the Consolidation. Fractional Common Shares equal to or greater than one-half (1/2) were rounded up to the nearest whole number. Fractional Common Shares equal to less than one-half (1/2) were cancelled without any repayment of capital or other compensation.
The Common Shares began trading on a consolidated basis on the NEX on April 14, 2025.
The new CUSIP number for the post-Consolidation Common Shares is 42984P205 and the new ISIN is CA42984P2052. The Common Shares continue to trade on the NEX under the symbol "HCM.M", and the Company's name did not change.
Management of the Company believes that the Consolidation will provide the Company with a share structure that will better attract future capital financing and enhance growth opportunities.
About the Company
The Company is a mineral exploration company listed on the Exchange. The Company currently has no current mineral properties and is seeking to identify and acquire a new mineral property.
For further information contact:
Barry Girling
778 772 9947
bgirling@highcliffmetals.com
This News Release includes certain forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: ability to complete the complete the private placement financing, acquire a new mineral property and uncertainty of access to additional capital. Accordingly, actual and further events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248441
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