S2 Minerals Announces Completion of Share Consolidation
S2 Minerals has completed its previously announced share consolidation, implementing a 2:1 ratio where one post-consolidation common share replaces every two pre-consolidation common shares. Following this consolidation, the company's total issued and outstanding common shares have been reduced from 37,937,649 to approximately 18,968,824 shares, subject to rounding adjustments.
The company's shares will continue trading on the Canadian Securities Exchange under the symbol 'STWO' with a new CUSIP number (78485F205). A letter of transmittal regarding the consolidation has been distributed to registered shareholders and is available on SEDAR+.
S2 Minerals ha completato la sua precedente annuncio di consolidamento delle azioni, attuando un rapporto di 2:1 nel quale una azione comune post-consolidamento sostituisce ogni due azioni comuni pre-consolidamento. Dopo questo consolidamento, il numero totale di azioni ordinarie emesse e in circolazione è stato ridotto da 37.937.649 a circa 18.968.824 azioni, soggetto a rettifiche per arrotondamento.
Le azioni della società continueranno a essere scambiate sulla Canadian Securities Exchange con il simbolo 'STWO' e un nuovo numero CUSIP (78485F205). È stata distribuita una lettera di trasmissione riguardante il consolidamento agli azionisti registrati ed è disponibile su SEDAR+.
S2 Minerals ha completado su anuncio previo de consolidación de acciones, implementando una relación de 2:1 donde una acción común posterior a la consolidación reemplaza a cada dos acciones comunes anteriores a la consolidación. Tras esta consolidación, el total de acciones comunes emitidas y en circulación ha sido reducido de 37.937.649 a aproximadamente 18.968.824 acciones, sujeto a ajustes de redondeo.
Las acciones de la compañía seguirán cotizando en la Canadian Securities Exchange bajo el símbolo 'STWO' con un nuevo número CUSIP (78485F205). Se ha distribuido una carta de transmisión relacionada con la consolidación a los accionistas registrados y está disponible en SEDAR+.
S2 Minerals는 사전 발표한 주식 통합을 완료하였으며, 2:1 비율을 적용하여 2주의 통합 전 보통주가 1주의 통합 후 보통주로 대체됩니다. 이번 통합 이후, 회사의 발행 및 유통 중인 보통주 총수는 37,937,649주에서 약 18,968,824주로 줄어들었습니다. (반올림 조정 고려)
회사의 주식은 캐나다 증권 거래소에서 'STWO' 기호로 계속 거래되며, 새로운 CUSIP 번호(78485F205)가 부여됩니다. 통합에 관한 송신서가 등록 주주에게 배포되었으며, SEDAR+에서 확인할 수 있습니다.
S2 Minerals a finalisé sa précédente annonce de consolidation d'actions, mettant en œuvre un ratio de 2:1 où une action ordinaire post-consolidation remplace chaque deux actions ordinaires pré-consolidation. Suite à cette consolidation, le nombre total d'actions ordinaires émises et en circulation a été réduit de 37.937.649 à environ 18.968.824 actions, sous réserve d'ajustements d'arrondi.
Les actions de la société continueront d'être échangées à la Canadian Securities Exchange sous le symbole 'STWO' avec un nouveau numéro CUSIP (78485F205). Une lettre de transmission concernant la consolidation a été distribuée aux actionnaires enregistrés et est disponible sur SEDAR+.
S2 Minerals hat die zuvor angekündigte Aktienkonsolidierung abgeschlossen und ein Verhältnis von 2:1 umgesetzt, bei dem eine nach der Konsolidierung ausgegebene Stammaktie zwei vor der Konsolidierung ausgegebene Stammaktien ersetzt. Nach dieser Konsolidierung wurden die insgesamt ausgegebenen und ausstehenden Stammaktien der Gesellschaft von 37.937.649 auf ungefähr 18.968.824 Aktien reduziert, vorbehaltlich von Rundungsanpassungen.
Die Aktien des Unternehmens werden weiterhin an der Canadian Securities Exchange unter dem Symbol 'STWO' gehandelt, mit einer neuen CUSIP-Nummer (78485F205). Ein Schreiben zur Übermittlung bezüglich der Konsolidierung wurde an die registrierten Aktionäre verteilt und ist auf SEDAR+ verfügbar.
- None.
- Share consolidation (reverse split) typically indicates company struggles and can be viewed negatively by market participants
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - S2 Minerals Inc. (CSE: STWO) ("S2" or the "Company") announces that, further to its press release dated November 28, 2024, it has completed the proposed consolidation of the Company's issued and outstanding common shares ("Common Shares") on the basis of one post-consolidation Common Share for every two pre-consolidation Common Shares (the "Consolidation"). As a result of the Consolidation, the number of issued and outstanding Common Shares will be reduced from 37,937,649 to approximately 18,968,824, subject to adjustment for rounding.
The Common Shares will continue to trade on the Canadian Securities Exchange under the symbol "STWO" under a new CUSIP number - 78485F205 and on a post-consolidated basis. A letter of transmittal with respect to the Consolidation was mailed to registered shareholders of the Company, a copy of which is also available on the Company's SEDAR+ profile at www.sedarplus.ca. Until surrendered, a share certificate representing pre-Consolidation Common Shares will represent the number of whole post-Consolidation Common Shares to which the holder of such certificate is entitled to receive as a result of the Consolidation.
About S2 Minerals Inc.
S2 Minerals Inc. is a Canadian mineral exploration company focused on exploring mineral properties in Northwest Ontario, including the Sandy Lake project.
The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean Greenstone Belt, located approximately 140 miles north of Red Lake, Ontario. S2 beneficially holds a
The Sandy Lake project is held within the traditional territories of Sandy Lake First Nation and Keewaywin First Nation. S2 also holds additional mineral claims which are located within Eabametoong First Nation traditional lands.
It is expected that over time, S2 may add new Canadian-focused exploration stage projects to its portfolio.
For further information please contact:
Dan Noone
CEO
+1.416.628.5904
Email: info@s2minerals.com
Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance and include statements regarding the effect of the Consolidation on the Company's capital structure, including the number of Common Shares outstanding after the Consolidation. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks relating to general business, economic, competitive, policy and social uncertainties, and risks relating to the failure to receive all requisite regulatory approvals.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232531
FAQ
What is the new share count for S2 Minerals (STWO) after the consolidation?
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Will S2 Minerals (STWO) continue trading under the same symbol after consolidation?
