Newfoundland Discovery Announces Share Consolidation
Newfoundland Discovery Corp (CSE: NEWD) (OTC Pink: NEWDF) has announced a 20:1 share consolidation approved by its Board of Directors. Following the consolidation, the company's total issued and outstanding common shares will be reduced to 4,661,333. The company's name and stock symbol will remain unchanged. The consolidation is pending approval from the Canadian Securities Exchange, with the effective trading date to be announced in a future release.
Newfoundland Discovery Corp (CSE: NEWD) (OTC Pink: NEWDF) ha annunciato una consolidazione delle azioni 20:1 approvata dal suo Consiglio di Amministrazione. Dopo la consolidazione, il numero totale di azioni ordinarie emesse e in circolazione sarà ridotto a 4.661.333. Il nome e il simbolo azionario dell'azienda rimarranno invariati. La consolidazione è in attesa di approvazione da parte della Borsa canadese, con la data effettiva di trading che sarà annunciata in un rilascio futuro.
Newfoundland Discovery Corp (CSE: NEWD) (OTC Pink: NEWDF) ha anunciado una consolidación de acciones 20:1 aprobada por su Junta Directiva. Tras la consolidación, el número total de acciones ordinarias emitidas y en circulación se reducirá a 4.661.333. El nombre de la empresa y el símbolo de las acciones permanecerán inalterados. La consolidación está pendiente de aprobación por parte de la Bolsa de Valores de Canadá, con la fecha efectiva de negociación que se anunciará en un comunicado futuro.
뉴펀들랜드 디스커버리 Corp (CSE: NEWD) (OTC Pink: NEWDF)가 이사회에서 승인한 20:1 주식 통합을 발표했습니다. 통합 후 회사의 총 발행 및 유통 보통주의 수는 4,661,333으로 줄어듭니다. 회사 이름과 주식 기호는 변경되지 않습니다. 통합은 캐나다 증권 거래소의 승인을 기다리고 있으며, 실제 거래 날짜는 향후 발표될 예정입니다.
Newfoundland Discovery Corp (CSE: NEWD) (OTC Pink: NEWDF) a annoncé une consolidation des actions 20:1 approuvée par son Conseil d'administration. Suite à la consolidation, le total des actions ordinaires émises et en circulation sera réduit à 4.661.333. Le nom de l'entreprise et le symbole boursier resteront inchangés. La consolidation est en attente d'approbation de la Bourse canadienne, et la date de négociation effective sera annoncée dans un communiqué futur.
Newfoundland Discovery Corp (CSE: NEWD) (OTC Pink: NEWDF) hat eine vom Vorstand genehmigte 20:1 Aktienkonsolidierung angekündigt. Nach der Konsolidierung wird die Gesamtanzahl der ausgegebenen und im Umlauf befindlichen Stammaktien auf 4.661.333 reduziert. Der Name und das Aktiensymbol des Unternehmens bleiben unverändert. Die Konsolidierung steht noch zur Genehmigung durch die kanadische Wertpapierbörse aus, das Datum des wirksamen Handels wird in einer zukünftigen Mitteilung bekannt gegeben.
- None.
- 20:1 share consolidation indicates significant share reduction which could impact trading liquidity
- Total shares outstanding will decrease substantially to 4.66M from approximately 93.2M
Toronto, Ontario--(Newsfile Corp. - October 30, 2024) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or "the Company") announces that the Board of Directors has approved a consolidation of all of the Company's issued and outstanding common shares on the basis of twenty (20) pre-consolidated shares for every one (1) post-consolidated share (the "Consolidation").
After giving effect to the Consolidation, the Company will have 4,661,333 common shares issued and outstanding. The Company's name and stock symbol shall remain the same.
The Consolidation remains subject to the approval of Canadian Securities Exchange. The Company will issue a further news release announcing the effective date in which the Company will commence trading on a consolidated basis.
About Newfoundland Discovery Corp.
Newfoundland Discovery Corp. (CSE: NEWD) (OTC Pink: NEWDF) is a Canadian junior mining exploration Company, with a primary focus on the exploration and development of mineral assets in active Canadian mining districts. Our portfolio of projects includes lithium prospects in the Hearst, Ontario district, a portfolio of precious and base metal projects in Newfoundland, and a strategic early-mover foothold on projects in the Detour Lake Gold Mine district of Ontario.
On Behalf of the Board of Directors,
NEWFOUNDLAND DISCOVERY CORP.
"Jeremy Prinsen"
President, CEO & Director
Corporate Communications
Email: info@newfoundlanddiscovery.com
Website: www.newfoundlanddiscovery.ca
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts no responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement
This news release may contain certain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228419
FAQ
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