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CATHEDRAL ANNOUNCES EFFECTIVE DATE OF NAME CHANGE AND SHARE CONSOLIDATION, AND SHARE CONSOLIDATION RATIO
CATHEDRAL ANNOUNCES EFFECTIVE DATE OF NAME CHANGE AND SHARE CONSOLIDATION, AND SHARE CONSOLIDATIO...
About this update from Act Energy Technologies Ltd.
[{"type":"text","content":"\n \n \n \n CATHEDRAL ANNOUNCES EFFECTIVE DATE OF NAME CHANGE AND SHARE CONSOLIDATION, AND SHARE CONSOLIDATION RATIO\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 27, 2024\n \n \n /CNW/ - Cathedral Energy Services Ltd. (TSX: CET) (\"\n \n Cathedral\n \n \" or the \"\n \n Company\n \n \") announces that its Board of Directors has approved the implementation of the consolidation of the issued and outstanding common shares of the Company, approved by its shareholders on\n \n May 9, 2024\n \n , on the basis of one (1) post-consolidation common share for every seven (7) pre-consolidation common shares (the \"\n \n Consolidation\n \n \"). The Consolidation, and the previously announced name change of the Company to \"ACT Energy Technologies Ltd.\" (the \"\n \n Name Change\n \n \"), is anticipated to take effect on\n \n July 3, 2024\n \n (the \"\n \n Effective Date\n \n \"). The Company's stock symbol will change to \"ACX\" concurrently with the Consolidation and the Name Change.\n \n \n Following a brief halt in trading in accordance with TSX procedures, the Company's consolidated common shares are expected to re-commence trading, under the new symbol \"ACX\", a few days after the Effective Date. The new CUSIP number will be 004959102 and the new ISIN number will be CA0049591021.\n \n \n The Consolidation will reduce the number of issued and outstanding common shares of the Company from approximately 243,242,392 common shares, to approximately 34,748,913 common shares upon completion of the Consolidation. No fractional common shares will be issued in connection with the Consolidation and all fractional common shares that otherwise would have been issued will be rounded to the nearest whole common share.\n \n \n Further information on the Consolidation can be found in the Company's management information circular dated\n \n March 25, 2024\n \n , available on SEDAR+ at\n \n www.sedarplus.ca\n \n .\n \n \n A letter of transmitt...