Victory Battery Metals Corp. Announces Share Consolidation and Name Change to Supreme Critical Metals Inc.
Victory Battery Metals Corp. has announced its transformation to Supreme Critical Metals Inc., accompanied by a 10:1 share consolidation. The company will trade under the new symbol CRIT on the CSE starting October 28, 2024. Post-consolidation, the company has 4,744,222 common shares outstanding. The consolidation extends to options and warrants, with adjusted exercise prices multiplied by ten. This restructuring aims to enhance the company's flexibility in pursuing future financing opportunities.
Victory Battery Metals Corp. ha annunciato la sua trasformazione in Supreme Critical Metals Inc., accompagnata da una consolidazione delle azioni 10:1. L'azienda negozierà sotto il nuovo simbolo CRIT nella CSE a partire dal 28 ottobre 2024. Dopo la consolidazione, l'azienda avrà 4.744.222 azioni ordinarie in circolazione. La consolidazione si estende a opzioni e warrant, con i prezzi di esercizio adeguati moltiplicati per dieci. Questa ristrutturazione mira a migliorare la flessibilità dell'azienda nel perseguire future opportunità di finanziamento.
Victory Battery Metals Corp. ha anunciado su transformación en Supreme Critical Metals Inc., acompañado de una consolidación de acciones 10:1. La compañía cotizará bajo el nuevo símbolo CRIT en la CSE a partir del 28 de octubre de 2024. Después de la consolidación, la compañía tendrá 4.744.222 acciones ordinarias en circulación. La consolidación se extiende a opciones y warrants, con precios de ejercicio ajustados multiplicados por diez. Esta reestructuración tiene como objetivo mejorar la flexibilidad de la empresa para buscar futuras oportunidades de financiamiento.
Victory Battery Metals Corp.가 Supreme Critical Metals Inc.로 변모했다고 발표하였으며, 10:1 주식 통합이 함께 이루어집니다. 회사는 2024년 10월 28일부터 CSE에서 새로운 기호 CRIT로 거래될 것입니다. 통합 후, 회사는 4,744,222주의 보통주가 발행됩니다. 이 통합은 옵션과 보증서에도 적용되며, 조정된 행사가는 10배로 곱해집니다. 이 재편성은 미래 자금 조달 기회를 추구하는 데 있어 회사의 유연성을 높이는 것을 목표로 하고 있습니다.
Victory Battery Metals Corp. a annoncé sa transformation en Supreme Critical Metals Inc., accompagnée d'une consolidation des actions au ratio de 10:1. La société sera échangée sous le nouveau symbole CRIT à la CSE à partir du 28 octobre 2024. Après la consolidation, la société comptera 4.744.222 actions ordinaires en circulation. La consolidation s'étend aux options et aux bons de souscription, avec des prix d'exercice ajustés multipliés par dix. Cette restructuration vise à améliorer la flexibilité de l'entreprise dans la recherche d'opportunités de financement futures.
Victory Battery Metals Corp. hat seine Umwandlung in Supreme Critical Metals Inc. angekündigt, die ein 10:1 Aktientausch umfasst. Das Unternehmen wird ab dem 28. Oktober 2024 unter dem neuen Symbol CRIT an der CSE handeln. Nach der Konsolidierung gibt es 4.744.222 ausgegebene Stammaktien. Die Konsolidierung erstreckt sich auf Optionen und Warrants, wobei die angepassten Ausübungspreise mit zehn multipliziert werden. Diese Umstrukturierung zielt darauf ab, die Flexibilität des Unternehmens bei der Verfolgung zukünftiger Finanzierungsangebote zu erhöhen.
- Share consolidation could improve access to financing opportunities
- Corporate rebranding aligns with strategic direction in critical metals sector
- 10:1 share consolidation results in significant share count reduction
- Existing shareholders face potential dilution of their holdings
VANCOUVER, BC / ACCESSWIRE / October 25, 2024 / Victory Battery Metals Corp. (CSE:VR)(FWB:VR61)(OTC PINK:VRCFF) ("Victory" or the "Company") is pleased to announce that it has changed its name to "Supreme Critical Metals Inc." (the "Name Change") and consolidated 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 Company will trade on the CSE under the new symbol "CRIT" starting Monday, October 28, 2024.
The Company currently has 4,744,222 common shares issued and outstanding post consolidation.
The Company also consolidated 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 will provide the Company with increased flexibility to seek additional financing opportunities.
For further information, please contact:
David Stadnyk, President
Phone: +1 (236) 317-2822 or toll-free +1 (855) 665-GOLD (4653)
E-mail: info@supremecritalmetals.com
www.supremecriticalmetals.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
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