Victory Battery Metals Corp. Announces Share Consolidation and Name Change to Supreme Critical Metals Inc.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) has announced its intention to change its name to Supreme Critical Metals Inc. and consolidate its shares. The company plans to implement a 10-to-1 share consolidation, reducing its outstanding shares from 47,442,222 to 4,744,222. This consolidation will also apply to outstanding options and warrants, with their exercise prices adjusted accordingly. The company will trade under the new symbol 'CRIT' on the CSE.
The Board of Directors approved these changes on October 18, 2024. The share consolidation aims to provide the company with increased flexibility for future financing opportunities. The implementation of these changes is subject to approval from the Canadian Securities Exchange.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) ha annunciato l'intenzione di cambiare il proprio nome in Supreme Critical Metals Inc. e di consolidare le sue azioni. L'azienda prevede di attuare un consolidamento delle azioni 10 a 1, riducendo le sue azioni in circolazione da 47.442.222 a 4.744.222. Questo consolidamento si applicherà anche alle opzioni e ai warrant esistenti, con i relativi prezzi di esercizio adeguati di conseguenza. La società verrà quotata con il nuovo simbolo 'CRIT' sulla CSE.
Il Consiglio di Amministrazione ha approvato queste modifiche il 18 ottobre 2024. Il consolidamento delle azioni ha l'obiettivo di fornire all'azienda maggiore flessibilità per future opportunità di finanziamento. L'attuazione di queste modifiche è soggetta all'approvazione da parte del Canadian Securities Exchange.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) ha anunciado su intención de cambiar su nombre a Supreme Critical Metals Inc. y consolidar sus acciones. La compañía planea implementar una consolidación de acciones de 10 a 1, reduciendo sus acciones en circulación de 47,442,222 a 4,744,222. Esta consolidación también se aplicará a las opciones y warrants pendientes, ajustando sus precios de ejercicio en consecuencia. La compañía cotizará bajo el nuevo símbolo 'CRIT' en la CSE.
El Consejo de Administración aprobó estos cambios el 18 de octubre de 2024. La consolidación de acciones tiene como objetivo proporcionar a la empresa mayor flexibilidad para futuras oportunidades de financiación. La implementación de estos cambios está sujeta a la aprobación de la Canadian Securities Exchange.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF)는 회사 이름을 Supreme Critical Metals Inc.로 변경하고 주식을 통합할 계획을 발표했습니다. 이 회사는 10대 1 주식 통합을 시행하여 유통 주식을 47,442,222주에서 4,744,222주로 줄일 계획입니다. 이 통합은 미결 옵션 및 워런트에도 적용되며, 그들의 행사 가격은 accordingly 조정됩니다. 회사는 CSE에서 새로운 기호 'CRIT'로 거래될 것입니다.
이사회는 2024년 10월 18일 이러한 변화를 승인했습니다. 주식 통합의 목적은 회사에 미래 자금 조달 기회에 대한 유연성을 높여주는 것입니다. 이러한 변화의 시행은 캐나다 증권 거래소의 승인을 조건으로 합니다.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) a annoncé son intention de changer de nom pour Supreme Critical Metals Inc. et de consolider ses actions. La société prévoit de mettre en œuvre une consolidation des actions de 10 pour 1, réduisant ses actions en circulation de 47 442 222 à 4 744 222. Cette consolidation s'appliquera également aux options et warrants en cours, avec leurs prix d'exercice ajustés en conséquence. La société sera cotée sous le nouveau symbole 'CRIT' à la CSE.
Le conseil d'administration a approuvé ces changements le 18 octobre 2024. L'objectif de la consolidation des actions est de fournir à l'entreprise une plus grande flexibilité pour les futures opportunités de financement. La mise en œuvre de ces changements est soumise à l'approbation de la Canadian Securities Exchange.
Victory Battery Metals Corp. (CSE:VR, OTC PINK:VRCFF) hat seine Absicht angekündigt, seinen Namen in Supreme Critical Metals Inc. zu ändern und seine Aktien zu konsolidieren. Das Unternehmen plant die Umsetzung einer 10 zu 1 Aktienkonsolidierung, wodurch die ausstehenden Aktien von 47.442.222 auf 4.744.222 reduziert werden. Diese Konsolidierung gilt auch für die ausstehenden Optionen und Warrants, deren Ausübungspreise entsprechend angepasst werden. Das Unternehmen wird unter dem neuen Symbol 'CRIT' an der CSE gehandelt.
Der Vorstand hat diese Änderungen am 18. Oktober 2024 genehmigt. Ziel der Aktienkonsolidierung ist es, dem Unternehmen mehr Flexibilität für zukünftige Finanzierungsmöglichkeiten zu bieten. Die Umsetzung dieser Änderungen steht unter dem Vorbehalt der Genehmigung der Canadian Securities Exchange.
- Share consolidation may improve the company's ability to attract new investors
- Rebranding to Supreme Critical Metals Inc. could better reflect the company's focus on critical metals
- Existing shareholders will see their number of shares reduced by a factor of 10
- Share consolidation may not necessarily lead to increased share value
VANCOUVER, BC / ACCESSWIRE / October 22, 2024 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that it intends to proceed with a name change to "Supreme Critical Metals Inc." (the "Name Change") and consolidation of its common shares on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share of the Company (the "Share Consolidation"). The Board of Directors approved the Name Change and Share Consolidation on October 18, 2024. The Company will trade on the CSE under the new symbol "CRIT".
The Company currently has 47,442,222 common shares issued and outstanding. Accordingly, once the Share Consolidation is effective, the Company will have 4,744,222 common shares issued and outstanding, assuming there are no other changes in the issued capital of the Company.
The Company intends to also proceed with consolidating its outstanding options and warrants on a ratio of ten (10) to one (1), with the result that each consolidated option and warrant will entitle the holder to acquire one common shares at an exercise price of ten (10) times its original exercise price.
The Share Consolidation is being proposed in order to provide the Company with increased flexibility to seek additional financing opportunities and is subject to the approval of the Canadian Securities Exchange.
For further information, please contact:
David Stadnyk, President
Phone: +1 (236) 317-2822 or toll-free +1 (855) 665-GOLD (4653)
E-mail: info@victorybatterymetals.com
www.victorybatterymetals.com
About Victory Battery Metals Corp.
VICTORY BATTERY METALS CORP. (CSE:VR) is a publicly traded diversified investment corporation with mineral interests in North America. The company is also actively seeking other exploration opportunities.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Victory Battery Metals Corp.
View the original press release on accesswire.com
FAQ
What is the new name and stock symbol for Victory Battery Metals Corp. (VRCFF)?
What is the share consolidation ratio announced by Victory Battery Metals Corp. (VRCFF)?
How many shares will Victory Battery Metals Corp. (VRCFF) have outstanding after the consolidation?
When did the Board of Directors approve the name change and share consolidation for Victory Battery Metals Corp. (VRCFF)?
