Recharge Resources Announces 5 For 1 Stock Split
August 13 2021 - 7:00PM
Recharge Resources Ltd. (RR: TSX-V) (SLLTF: OTC)
(“Recharge” or the “Company”) is pleased to announce that
its board of directors have approved a five (5) for one (1) stock
split of the Company’s common shares (the “Stock Split”) held by
shareholders as of September 15, 2021 (the “Record Date”).
Consequently, shareholders as of the Record Date
will receive four (4) additional common shares for each common
share held. In accordance with the Company’s Articles, shareholder
approval was not required for the Stock Split. The Company will not
be changing its name, CUSIP or its current trading symbol in
connection with the Stock Split.
The Stock Split remains subject to the approval
of the TSX Venture Exchange. The Company will issue a further news
once an effective date and payment date have been determined.
After giving effect to the Stock Split, the
Company will have approximately 506,655,580 common shares
outstanding. The Company’s authorized share capital will remain
unchanged.
Outstanding stock options and share purchase
warrants will also be adjusted by the Stock Split ratio and the
respective exercise prices of outstanding stock options and share
purchase warrants will be adjusted accordingly.
About Recharge Resources
Recharge Resources is a Canadian mineral
exploration company focused on exploring and developing the
production of high-value battery metals to create green, renewable
energy to meet the demands of the advancing electric vehicle and
fuel cell vehicle market.
On Behalf of the Board of Directors,
“Yari Nieken”
Yari Nieken, CEO
For further information, please contact:
Recharge Resources Ltd. Mr. Joel WarawaPhone:
778-588-5473E-Mail: info@recharge-resources.com Website:
www.recharge-resources.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.
Disclaimer for Forward-Looking
Information
Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding Recharge’s intention to continue to identify
potential transactions and make certain corporate changes and
applications. Forward looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits Recharge
will obtain from them. These forward-looking statements reflect
managements’ current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause actual results to differ
materially from those expressed or implied by the forward-looking
statements, including Recharge’s inability to identify transactions
having satisfactory terms or at all and the results of exploration
or review of properties that Recharge does acquire. These
forward-looking statements are made as of the date of this news
release and Recharge assumes no obligation to update these
forward-looking statements, or to update the reasons why actual
results differed from those projected in the forward-looking
statements, except in accordance with applicable securities
laws.
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