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Angel Wing Metals Announces Proposed Share Consolidation
Angel Wing Metals Announces Proposed Share Consolidation Canada NewsWire TSXV...
About this update from Angel Wing Metals Inc
[{"type":"text","content":"\n \n \n \n Angel Wing Metals Announces Proposed Share Consolidation\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV: AWM\n \n WWW.ANGELWINGMETALS.COM\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 24, 2023\n \n \n /CNW/ -\n \n Angel Wing Metals Inc.\n \n (TSXV: AWM) (\"\n \n Angel Wing Metals\n \n \" or the \"\n \n Company\n \n \") announces its proposal to consolidate the Common Shares of the Company (the \"Consolidation\") on the basis of one (1) post-consolidation Common Share for every two (2) pre-consolidation Common Shares to be voted on by the Shareholders at the Company's Annual General and Special Meeting to be held on\n \n June 29, 2023\n \n .\n \n \n \n \n \n \n \n \n \n The Company currently has 134,505,817 Common Shares issued and outstanding. After the proposed Consolidation the Company will have approximately 67,252,908 Common Shares issued and outstanding. No fractional shares are to be issued under the consolidation and any fraction will be rounded down to the nearest whole number. Outstanding options and warrants will be similarly adjusted.\n \n \n The Consolidation is being proposed by the Company's Board of Directors in order to provide the Company with increased flexibility to facilitate future financing and business development activities.\n \n \n The Consolidation is subject to a favourable vote at the Company upcoming Annual General and Special Meeting of Shareholders and the approval of the TSX Venture Exchange. The Company will not change its name or ticker symbol as part of the Consolidation however, consolidated shares will be assigned a new CUSIP number.\n \n \n \n ABOUT ANGEL WING METALS\n \n \n \n Angel Wing Metals (TSXV: AWM) is focused on the exploration and development of its portfolio of precious metals properties in\n \n Mexico\n \n and\n \n Canada\n \n . The Company's flagship El Grande Project covers 655km\n \n 2\n \n in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of\n \n Nayarit, Mexico\n \n and demonstrates significant gold a...