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Dixie Gold Inc. Announces Effective Date of Share Consolidation
Dixie Gold Inc. Announces Effective Date of Share Consolidation Canada NewsWire ...
About this update from Dixie Gold Inc.
[{"type":"text","content":"\n\n\n\nDixie Gold Inc. Announces Effective Date of Share Consolidation\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\nCanada NewsWire\nVANCOUVER, Jan. 6, 2020\n\n\n\nVANCOUVER, Jan. 6, 2020 /CNW/ - Dixie Gold Inc. (TSX VENTURE: DG) (\"Dixie Gold\" or the \"Corporation) announces that effective January 9, 2020 at market open, the Corporation will consolidate its common shares on the basis of one (1) new post-consolidation common share for every four (4) pre-consolidation common shares. The Corporation's common shares will begin trading on a post-consolidated basis on the TSX Venture Exchange on January 9, 2020.\nThe consolidation was approved by the directors of the Corporation on December 17, 2019 and has been subsequently accepted by the TSX Venture Exchange. Following the consolidation, the Corporation will have approximately 25,662,187 common shares outstanding. The exercise price and the number of shares issuable under any of the Corporation's outstanding stock options and warrants, as applicable, will be proportionately adjusted upon completion of the consolidation.\nNo fractional shares will be issued. Each fractional share that is less than one-half of a share will be cancelled and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. \nRegistered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a letter of transmittal from the Corporation's transfer agent, AST Trust Company, as soon as practicable after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to AST Trust Company. The transfer agent will forward each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, ea...