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Canada Carbon Announces Resumption of Trading on TSX Venture Exchange, Share Consolidation, Adoption of Omnibus Equity Incentive Plan and Change of Officers
Toronto, Ontario, Canada, March 19, 2026 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the " Company ...
About this update from Canada Carbon, Inc.
[{"type":"text","content":"Canada Carbon Announces Resumption of Trading on TSX Venture Exchange, Share Consolidation, Adoption of Omnibus Equity Incentive Plan and Change of Officers\nToronto, Ontario, Canada, March 19, 2026 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the \"Company\" or \"Canada Carbon\") (TSX-V:CCB) (FF:U7N1) is pleased to announce that trading of its common shares on the TSX Venture Exchange (the “TSXV”) will resume at market shortly. The Company would like to thank the shareholders for their patience while this matter was being resolved. Share Consolidation The Company held an annual and special meeting of shareholders (the “Meeting”) on Wednesday, January 21, 2026 after failing to hold an annual meeting since January 31, 2024. At the Meeting, shareholders approved a consolidation (the “Consolidation”) of the common shares in the capital of the Company (the “Common Shares”) on the basis of up to ten (10) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share, as and when determined by the board of directors of the Company in its sole discretion.  The Company believes that the Consolidation could also broaden the pool of investors that would consider investing in Canada Carbon, thereby resulting in a more efficient market for the Common Shares. Currently, the Company has 242,281,512 Common Shares issued and outstanding on a pre-Consolidation basis. Upon completion of the Consolidation, the Company would have approximately 24,228,151 Common Shares issued and outstanding, assuming the Consolidation ratio is completed on the basis of ten (10) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share. No fractional Common Shares would be issued as a result of the Consolidation and no cash consideration would be paid in respect of fractional shares. The Common Shares would continue to trade on the TSXV under the symbol “CCB” and the Company’s name would remain the same. As a result of the Consolidation, the exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding warrants and stock options would be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. The Consolidation is expected to be completed by April 30, 2026 or such othe...