Canterra Minerals Announces Share Consolidation
July 20 2020 - 2:30PM
Canterra Minerals Corporation (CTM-TSX.V)
(“Canterra” or “the Company”) announces that the TSX Venture
Exchange has (the “Exchange”) approved a share consolidation of the
outstanding share capital of the Company (the "Consolidation") of
the Company’s common shares on the basis of ten (10)
pre-Consolidation common shares for one (1) post-Consolidation
common share.
The Consolidation will be effective at the open
of the market on Wednesday, July 22, 2020 (the "Effective
Date"). The Company will not change its name as part of the
Consolidation, but commencing on the Effective Date, the Company’s
shares will trade on the TSX Venture Exchange (the “Exchange”) on a
post-Consolidated basis under a new CUSIP number, which is
138134200 (ISIN: CA1381432007). The Company's common shares
will continue to trade on the Exchange under its current symbol
"CTM".
The Company currently has 89,864,870 common
shares issued and outstanding. As at the Effective Date the
Company will have approximately 8,986,487 post-Consolidated common
shares issued and outstanding. No fractional shares will be issued
under the share consolidation and any fraction will be rounded down
to the nearest whole number.
No action is required to be taken by security
holders with respect to the Consolidation and outstanding
certificates representing the Company common shares will not need
to be exchanged. Registered shareholders wishing to replace
their share existing certificates with new share certificates
reflecting the new CUSIP and post-Consolidated number of shares may
do so by returning their original share certificate to the
Company’s transfer agent, Computershare Trust Company of Canada
(“Computershare”) at the address below, together with a
signed direction instructing Computershare issue the registered
shareholder a new certificate representing Consolidated common
shares of the Company:
By Mail
P.O. Box 702131 Adelaide St
E Toronto,
ON M5C 3H2 Attn: Corporate
Actions
By Hand or Courier 100 University
Avenue8th FloorToronto, ON M5J 2Y1Attn: Corporate
Actions
Registered shareholders having questions about
exchanging their existing share certificate for a new share
certificate representing post-Consolidated shares may direct their
questions to Computershare Trust Company of Canada at
1-800-564-6253 or by e-mail to
corporateactions@computershare.com.
CANTERRA MINERALS
CORPORATION
Randy Turner, President &
CEO
For further information, contact Randy Turner,
President at 604-687-6644 or info@canterraminerals.comThe TSX
Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
new release.
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