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Roughrider Exploration Announces Effective Date of Consolidation
VANCOUVER, BC / ACCESSWIRE / June 28, 2018 / Roughrider Exploration Limited (TSX-V: REL) ("Roughrider" or the "Company") - announces that, further to the Compan
About this update from Coast Copper Corp
[{"type":"text","content":"VANCOUVER, BC / ACCESSWIRE / June 28, 2018 / Roughrider Exploration Limited (TSX-V: REL) (\"Roughrider\" or the \"Company\") - announces that, further to the Company's news release dated June 7, 2018, it will proceed with a share consolidation of its issued and outstanding common shares (the \"Consolidation\"). The Company's new CUSIP number is 77910P200; the name and trading symbol will remain unchanged. The consolidation will be effective from July 3, 2018 at market open and carried out on a basis of one (1) post-consolidation share for every five (5) pre-consolidation shares. As a result of the Consolidation, the Company's currently outstanding 47,082,757 issued and outstanding common shares will be reduced to approximately 9,416,551 common shares. No fractional shares will be issued. Fractional share interests of 0.50 or higher arising from the Consolidation will be rounded up to one whole common share and any fractional share interest of less than 0.50 will be canceled. Registered shareholders will be receiving a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal will enable registered shareholders to exchange their old share certificates representing pre-consolidation common shares for new share certificates representing the post-consolidation common shares. Until surrendered, each share certificate representing pre-consolidation common shares will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation. The exercise price and the number of common shares of the Company issuable under its outstanding options and warrants will automatically be adjusted upon implementation of the Consolidation. The Company currently has outstanding stock options exercisable to purchase an aggregate of 2,400,000 common shares at exercise prices ranging from $0.07 to $0.22. Upon completion of the Consolidation, there would be stock options outstanding to purchase an aggregate of 480,000 common shares at exercise prices ranging from $0.35 to $1.10, based on the current number of outstanding stock options. The Company currently has outstanding warrants exercisable to purchase an aggregate of 5,305,880 common ...