Business
BQE Water Proceeds with Share Consolidation
(via TheNewswire) March 1, 2019 / TheNewswire / VANCOUVER, BC - BQE Water I...
About this update from Bqe Water Inc
[{"type":"text","content":"BQE Water Proceeds with Share Consolidation(via TheNewswire)\n \n \nMarch 1, 2019 / TheNewswire / VANCOUVER, BC - BQE Water Inc. (TSX-V: BQE), a leader in the management of mine wastewater and metallurgical bleed streams, is proceeding with a 100:1 consolidation (\"the Consolidation\") on all issued and outstanding common shares (\"Common Shares\") of the Company effective March 5, 2019. The Company's post-Consolidation Common Shares will commence trading on the TSX Venture Exchange (the \"Exchange\") on March 5, 2019.\n\n \n \nAt BQE Water's Annual and Special Meeting (\"AGM\") of Shareholders held on November 20, 2018, shareholders approved the Consolidation on the basis of one hundred pre-Consolidation Common Shares for one post-Consolidation Common Share. The Consolidation was approved by the Exchange on February 25, 2019.\n\n \n \nThe Company had 120,843,316 Common Shares outstanding prior to the Consolidation and will have approximately 1,208,400 Common Shares after the Consolidation. If a shareholder is entitled to a fraction of a post-Consolidation Common Share, the number of post-Consolidation Common Shares will be rounded up or down to the nearest whole number. The Consolidation will affect shareholders uniformly, including holders of outstanding stock options and other securities convertible into or exercisable for Common Shares (collectively, \"Convertible Securities\") on the effective date. The exercise price, number and exchange basis of the Convertible Securities will be adjusted proportionally to reflect the Consolidation.\n\n \n \nThe new CUSIP number for the Company's common shares will be 055640205 and the new ISIN will be CA0556402059. Following the Consolidation, the Common Shares will continue to trade on the Exchange under the existing ticker symbol.\n\n \n \nBQE Water's transfer agent, Computershare Investor Services (\"Computershare\"), will act as the exchange agent for the Consolidation. On the effective date, Computershare will mail letters of transmittal with instructions to shareholders with physical stock certificates on how to exchange their pre-Consolidation Common Shares to new certificates representing their Common Shares on a post-Consolidation basis. Shareholders who hold their shares in brokerage accounts are not required to take any action to effect the exchange of their shares.\n\n \n \nS...