Business
St Charles Resources Announces Name Change to Bulgold, Share Consolidation, Appointment of Corporate Secretary and Filing of 2022 Audited Annual Financial Statements
TORONTO, April 28, 2023 (GLOBE NEWSWIRE) -- St Charles Resources Inc. is pleased to announce that it is changing its name to “BULGOLD Inc.” (“BULGOLD” or the “C
About this update from Bulgold Inc
[{"type":"text","content":" TORONTO, April 28, 2023 (GLOBE NEWSWIRE) -- St Charles Resources Inc. is pleased to announce that it is changing its name to “BULGOLD Inc.” (“BULGOLD” or the “Company”) (the “Name Change”) and is implementing a share consolidation of the issued and outstanding common shares of the Company (the “Common Shares”) on the basis of one (1) post-consolidation Common Share for every three (3) pre-consolidation Common Shares of the Company (the “Consolidation”). No fractional Common Shares will be issued in connection with the Consolidation; in the event that a shareholder would otherwise have been entitled to receive a fractional Common Share upon Consolidation, such fractional Common Share will be rounded down to the nearest whole number Common Share for no consideration. The Name Change and the Consolidation were approved by the Company’s shareholders at the special meeting of shareholders held on April 26, 2023, with 100% of votes cast in favour of the Name Change and 99.283% of the votes cast in favour of the Consolidation. The Name Change and the Consolidation are expected to become effective on or about May 5, 2023, subject to final approval from the TSX Venture Exchange (“TSX-V”). The Company’s trading symbol on the TSX-V will also change from “SCRS” to “ZLTO”. Following the Name Change and Consolidation, the new CUSIP number assigned to the Company’s common shares will be 12016C100 and the new ISIN number will be CA12016C1005. The Name Change and Consolidation does not affect the rights of the Company's shareholders. Shareholders will not be required to take any action in connection with the Name Change and Consolidation. Issued certificates representing Common Shares of the Company will not need to be exchanged. The Company encourages shareholders to contact their broker with any questions regarding the proposed Name Change and Consolidation. The Company also announces the appointment of Andrew Newbury of DSA Corporate Services as Corporate Secretary effective immediately. Andrew has 15 years of corporate secretarial, administrative, financial, and operational experience at a variety of small businesses. Andrew joined DSA Corporate Services in 2017, and as a Senior Account Executive he provides Corporate Secretarial consulting services for 25 small to mid cap issuers on the TSX, TSX-V, and CSE. Andrew has a Bachelor of Commerc...