HighCliff Metals Announces Effective Date of Consolidation
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) has announced the effective date for its share consolidation, set for April 14, 2025. The consolidation will be executed on a 4:1 ratio, where four pre-consolidation common shares will be converted into one post-consolidation share.
The company's current 18,673,028 outstanding common shares will be reduced to approximately 4,668,257 shares. The consolidation received approval from shareholders holding over 50% of outstanding shares as of February 28, 2025. The company will retain its trading symbol 'HCM.H' on the NEX board, with new CUSIP number 42984P205 and ISIN CA42984P2052.
Fractional shares will be handled by rounding up to the nearest whole number if equal to or greater than one-half, while smaller fractions will be cancelled without compensation. The consolidation aims to create a more attractive share structure for future capital financing and growth opportunities, pending Exchange approval.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) ha annunciato la data effettiva per la sua consolidazione azionaria, fissata per 14 aprile 2025. La consolidazione verrà eseguita con un rapporto di 4:1, dove quattro azioni comuni pre-consolidamento saranno convertite in una sola azione post-consolidamento.
Le attuali 18.673.028 azioni comuni in circolazione della società saranno ridotte a circa 4.668.257 azioni. La consolidazione ha ricevuto l'approvazione degli azionisti che detengono oltre il 50% delle azioni in circolazione al 28 febbraio 2025. La società manterrà il suo simbolo di negoziazione 'HCM.H' sulla borsa NEX, con un nuovo numero CUSIP 42984P205 e ISIN CA42984P2052.
Le azioni frazionarie saranno gestite arrotondando al numero intero più vicino se pari o superiore a un mezzo, mentre le frazioni più piccole saranno annullate senza compenso. La consolidazione mira a creare una struttura azionaria più attraente per future opportunità di finanziamento e crescita, in attesa dell'approvazione dell'Exchange.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) ha anunciado la fecha efectiva para su consolidación de acciones, programada para el 14 de abril de 2025. La consolidación se llevará a cabo en una proporción de 4:1, donde cuatro acciones comunes antes de la consolidación se convertirán en una acción después de la consolidación.
Las actuales 18,673,028 acciones comunes en circulación de la empresa se reducirán a aproximadamente 4,668,257 acciones. La consolidación recibió la aprobación de los accionistas que poseen más del 50% de las acciones en circulación a fecha del 28 de febrero de 2025. La empresa mantendrá su símbolo de negociación 'HCM.H' en la bolsa NEX, con un nuevo número CUSIP 42984P205 y ISIN CA42984P2052.
Las acciones fraccionarias se manejarán redondeando al número entero más cercano si son iguales o mayores a la mitad, mientras que las fracciones más pequeñas serán canceladas sin compensación. La consolidación tiene como objetivo crear una estructura de acciones más atractiva para futuras oportunidades de financiamiento y crecimiento, pendiente de la aprobación del Exchange.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF)는 2025년 4월 14일로 설정된 주식 통합의 유효 날짜를 발표했습니다. 통합은 4:1 비율로 실행되며, 네 개의 통합 전 보통주가 하나의 통합 후 주식으로 변환됩니다.
회사의 현재 18,673,028주의 보통주 수는 약 4,668,257주로 줄어들게 됩니다. 이 통합은 2025년 2월 28일 기준으로 발행된 주식의 50% 이상을 보유한 주주들로부터 승인을 받았습니다. 회사는 NEX 거래소에서 'HCM.H' 거래 기호를 유지하며, 새로운 CUSIP 번호 42984P205와 ISIN CA42984P2052를 갖게 됩니다.
소수 주식은 반올림하여 가장 가까운 정수로 처리되며, 0.5 이상일 경우 해당 정수로 반올림되고, 더 작은 소수는 보상 없이 취소됩니다. 이 통합은 향후 자본 조달 및 성장 기회를 위한 더 매력적인 주식 구조를 만들기 위한 것으로, 거래소의 승인을 기다리고 있습니다.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) a annoncé la date effective de sa consolidation d'actions, prévue pour le 14 avril 2025. La consolidation sera réalisée selon un ratio de 4:1, où quatre actions ordinaires avant consolidation seront converties en une seule action après consolidation.
Les 18 673 028 actions ordinaires en circulation de la société seront réduites à environ 4 668 257 actions. La consolidation a été approuvée par des actionnaires détenant plus de 50 % des actions en circulation au 28 février 2025. L'entreprise conservera son symbole de négociation 'HCM.H' sur le marché NEX, avec un nouveau numéro CUSIP 42984P205 et ISIN CA42984P2052.
Les actions fractionnaires seront traitées en arrondissant au nombre entier le plus proche si elles sont égales ou supérieures à un demi, tandis que les fractions plus petites seront annulées sans compensation. La consolidation vise à créer une structure d'actions plus attrayante pour les futures opportunités de financement et de croissance, sous réserve de l'approbation de l'échange.
HighCliff Metals Corp (TSXV: HCM.H) (OTC: IMAHF) hat das effektive Datum für die Aktienkonsolidierung bekannt gegeben, die für den 14. April 2025 festgelegt ist. Die Konsolidierung wird im Verhältnis 4:1 durchgeführt, wobei vier Aktien vor der Konsolidierung in eine Aktie nach der Konsolidierung umgewandelt werden.
Die derzeit 18.673.028 ausstehenden Stammaktien des Unternehmens werden auf etwa 4.668.257 Aktien reduziert. Die Konsolidierung erhielt die Zustimmung von Aktionären, die mehr als 50 % der ausstehenden Aktien zum 28. Februar 2025 halten. Das Unternehmen wird sein Handelssymbol 'HCM.H' an der NEX-Börse beibehalten, mit einer neuen CUSIP-Nummer 42984P205 und einer ISIN von CA42984P2052.
Bruchstücke von Aktien werden so behandelt, dass sie auf die nächste ganze Zahl aufgerundet werden, wenn sie gleich oder größer als die Hälfte sind, während kleinere Brüche ohne Entschädigung storniert werden. Die Konsolidierung zielt darauf ab, eine attraktivere Aktienstruktur für zukünftige Kapitalfinanzierung und Wachstumschancen zu schaffen, vorbehaltlich der Genehmigung durch die Börse.
- Share consolidation could improve ability to attract future capital financing
- Strong shareholder support with over 50% approval
- Cancellation of fractional shares under 1/2 without compensation
- Trading on NEX board indicates reduced tier status
- No immediate capital raising or growth plans announced
Vancouver, British Columbia--(Newsfile Corp. - April 7, 2025) - HighCliff Metals Corp. (TSXV: HCM.H) (OTC: IMAHF) ("Company") announces, further to its news release dated February 28, 2025, that the Company will complete the consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of four (4) pre-Consolidation Common Shares for every one (1) post-Consolidation Common Share (the "Consolidation") effective as of April 14, 2025.
The new CUSIP number for the post-Consolidation Common Shares will be 42984P205 and the new ISIN will be CA42984P2052. The Common Shares will continue to trade on the NEX board ("NEX") of the TSXV Venture Exchange (the "Exchange") under the symbol "HCM.H," and the Company's name will not change.
There are currently 18,673,028 Common Shares issued and outstanding prior to completion of the Consolidation. Upon completion of the Consolidation, there are expected to be approximately 4,668,257 Common Shares issued and outstanding, subject to adjustment for fractional Common Shares. No fractional Common Shares will be issued as a result of the Consolidation. Fractional Common Shares equal to or greater than one-half (1/2) will be rounded up to the nearest whole number. Fractional Common Shares of less than one-half (1/2) will be cancelled without any repayment of capital or other compensation.
In accordance with the Policy of the NEX and Policy 5.8 of the Exchange, shareholders of the Company holding more than
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.
Completion of the Consolidation is subject to approval by the Exchange.
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/247721
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