Pathfinder Ventures Announces Effective Date of Share Consolidation
Pathfinder Ventures Inc. (TSXV: RV) has announced a 4:1 share consolidation effective August 1, 2024. The company's outstanding shares will reduce from 93,681,976 to approximately 23,420,494. This consolidation aims to provide increased flexibility for financings and potential business transactions. The company's name and trading symbol will remain unchanged, with post-consolidation trading commencing on August 2, 2024. Registered shareholders will receive instructions for exchanging share certificates, while uncertificated shares will be adjusted electronically. Additionally, Pathfinder has received conditional approval for a non-brokered private placement of up to 10,000,000 post-consolidation units at $0.10 per unit, subject to final Exchange approval.
Pathfinder Ventures Inc. (TSXV: RV) ha annunciato una consolidazione delle azioni di 4:1 che entrerà in vigore il 1 agosto 2024. Le azioni in circolazione dell'azienda passeranno da 93.681.976 a circa 23.420.494. Questa consolidazione mira a fornire maggiore flessibilità per finanziamenti e potenziali transazioni commerciali. Il nome e il simbolo di negoziazione dell'azienda rimarranno invariati, con inizio delle negoziazioni post-consolidamento il 2 agosto 2024. Gli azionisti registrati riceveranno istruzioni per la sostituzione dei certificati azionari, mentre le azioni non certificate saranno regolate elettronicamente. Inoltre, Pathfinder ha ricevuto l'approvazione condizionale per un collocamento privato senza intermediari di fino a 10.000.000 di unità post-consolidamento a $0.10 per unità, soggetto all'approvazione finale della Borsa.
Pathfinder Ventures Inc. (TSXV: RV) ha anunciado una consolidación de acciones de 4:1 que entrará en vigor el 1 de agosto de 2024. Las acciones en circulación de la empresa se reducirán de 93,681,976 a aproximadamente 23,420,494. Esta consolidación tiene como objetivo proporcionar mayor flexibilidad para financiamientos y posibles transacciones comerciales. El nombre y el símbolo de negociación de la empresa permanecerán sin cambios, y el comercio posterior a la consolidación comenzará el 2 de agosto de 2024. Los accionistas registrados recibirán instrucciones para cambiar los certificados de acciones, mientras que las acciones no certificadas se ajustarán electrónicamente. Además, Pathfinder ha recibido aprobación condicional para un colocación privada sin intermediarios de hasta 10,000,000 de unidades post-consolidación a $0.10 por unidad, sujeto a la aprobación final de la Bolsa.
Pathfinder Ventures Inc. (TSXV: RV)은 2024년 8월 1일에 4:1 주식 통합을 발표했습니다. 회사의 유통 주식 수는 93,681,976주에서 약 23,420,494주로 줄어듭니다. 이번 통합의 목적은 자금 조달 및 잠재적인 사업 거래에 대한 유연성 증가입니다. 회사의 이름과 거래 기호는 변경되지 않으며, 통합 후 거래는 2024년 8월 2일부터 시작됩니다. 등록된 주주들은 주식 증서 교환에 대한 지침을 받게 되며, 비서류 주식은 전자적으로 조정됩니다. 또한 Pathfinder는 최대 10,000,000개의 통합 후 단위에 대한 비중개 사모 배치를 $0.10 per unit으로 진행하기 위한 조건부 승인을 받았습니다. 최종 거래소 승인을 받을 예정입니다.
Pathfinder Ventures Inc. (TSXV: RV) a annoncé une consolidation des actions de 4:1 qui prendra effet le 1er août 2024. Les actions en circulation de la société passeront de 93 681 976 à environ 23 420 494. Cette consolidation vise à fournir une flexibilité accrue pour le financement et les transactions commerciales potentielles. Le nom et le symbole de négociation de la société resteront inchangés, les échanges post-consolidation commençant le 2 août 2024. Les actionnaires enregistrés recevront des instructions pour échanger des certificats d'actions, tandis que les actions non certifiées seront ajustées électroniquement. De plus, Pathfinder a obtenu une approbation conditionnelle pour un placement privé sans courtage de jusqu'à 10 000 000 d'unités post-consolidation à 0,10 $ par unité, sous réserve de l'approbation finale de la Bourse.
Pathfinder Ventures Inc. (TSXV: RV) hat eine Aktienkonsolidierung von 4:1 bekannt gegeben, die am 1. August 2024 wirksam wird. Die ausstehenden Aktien des Unternehmens werden von 93.681.976 auf etwa 23.420.494 reduziert. Diese Konsolidierung soll erhöhte Flexibilität für Finanzierungen und potenzielle Geschäftstransaktionen bieten. Der Name und das Handelssymbol des Unternehmens bleiben unverändert, das Trading nach der Konsolidierung beginnt am 2. August 2024. Eingetragene Aktionäre erhalten Anweisungen zum Austausch von Aktienzertifikaten, während nicht-zertifizierte Aktien elektronisch angepasst werden. Darüber hinaus hat Pathfinder eine bedingte Genehmigung für eine nicht vermittelte Privatplatzierung von bis zu 10.000.000 Einheiten nach der Konsolidierung zu einem Preis von 0,10 $ pro Einheit erhalten, vorbehaltlich der endgültigen Genehmigung durch die Börse.
- Share consolidation may provide increased flexibility for financings and business transactions
- Conditional approval received for non-brokered private placement of up to 10,000,000 units at $0.10 per unit
- Significant reduction in outstanding shares from 93,681,976 to approximately 23,420,494
- Potential dilution for existing shareholders due to the planned private placement
VANCOUVER, BC / ACCESSWIRE / July 30, 2024 / Pathfinder Ventures Inc. (TSXV: RV) ("Pathfinder"or the "Company") announces that it will consolidate (the "Consolidation") its common shares on the basis of four (4) pre-Consolidation shares for one (1) post-Consolidation share, effective as of the close of business on August 1, 2024. No fractional common shares will be issued, and fractions of less than one-half of a share will be cancelled and fractions of at least one-half of a share will be converted to a whole common share. Outstanding options, warrants and other rights to acquire common shares will likewise be adjusted for the Consolidation.
The Company currently has 93,681,976 common shares outstanding, and immediately following the Consolidation expects to have, subject to rounding adjustments, approximately 23,420,494 common shares outstanding (of which, subject to rounding adjustments, 281,595 will be subject to escrow). The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions.
There will be no change to the Company's name or trading symbol. The Company expects that the TSX Venture Exchange (the "Exchange") will issue a bulletin in short order, confirming that the Company's common shares will commence trading on a post-Consolidation basis at the open on August 2, 2024. The new CUSIP/ISIN number for the post-Consolidation shares is 70323P206 / CA70323P2061.
Letters of Transmittal will be mailed to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will not receive a Letter of Transmittal but will have their holdings adjusted electronically by the Company's transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.
The Company is also pleased to announce that it has received the Exchange's conditional approval for its non-brokered private placement of up to 10,000,000 post-Consolidation units (the "Units") at a price of
About Pathfinder Ventures Inc. (TSXV: RV):
Pathfinder Ventures is a premier operator of RV resorts and affordable manufactured housing communities, dedicated to providing outstanding hospitality and contemporary amenities as key aspects of its offerings. To learn more about Pathfinder, follow the link below:
http://www.pathfinderventures.ca/
On behalf of the board of directors:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com
+ + + + +
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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans and objectives, including words to the effect that RV or its management anticipates or expects a stated condition or result to occur. Any statement that is not purely historical fact is a forward-looking statement. Forward-looking statements may often be identified by such terms as "anticipates", "expects", "estimates", "believes", "plans", "may", "could", "would", "should", "will" and similar expressions. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available and considered reasonable to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing or future laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on SEDAR.
Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information in this news release is made as at the date of this news release. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Pathfinder Ventures Inc.
View the original press release on accesswire.com
FAQ
What is the share consolidation ratio announced by Pathfinder Ventures (TSXV: RV)?
When will the share consolidation for Pathfinder Ventures (TSXV: RV) take effect?
How many shares will Pathfinder Ventures (TSXV: RV) have outstanding after the consolidation?
When will Pathfinder Ventures (TSXV: RV) shares start trading on a post-consolidation basis?
What is the new CUSIP/ISIN number for Pathfinder Ventures (TSXV: RV) post-consolidation shares?
