Business
Edgemont Gold Announces Proposed Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) (the "Company") will complete a consolidation of
About this update from Edgemont Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 27, 2023) - Edgemont Gold Corp. (CSE: EDGM) (FSE: EG8) (the \"Company\") will complete a consolidation of the authorized and issued common shares of the Company (the \"Common Shares\") on the basis of a one post-consolidated Common Share for each two pre-consolidation Common Shares (the \"Consolidation\"). Prior to the Consolidation, the Company had 26,576,589 pre-Consolidation Common Share issued and outstanding. Following the Consolidation, the Company will have approximately 13,288,294 post-Consolidation Common Shares issued and outstanding. No fractional Common Shares will be issued upon the Consolidation. In the event a holder of Common Shares would otherwise be entitled to receive a fractional Common Share in connection with the Consolidation, the number of Common Shares to be received by such shareholder will be rounded down to the next whole number. A letter of transmittal will be mailed to registered shareholders providing instructions with respect to surrendering share certificates representing pre-Consolidation Common Shares in exchange for post-Consolidation Common Shares issued as a result of the Consolidation. Until surrendered, each certificate representing pre-Consolidation Common Shares will be deemed to represent the number of post-Consolidation Common Shares the holder received as a result of the Consolidation. Shareholders who hold their Common Shares in brokerage accounts or in book-entry form are not required to take any action. In accordance with the Company's Articles, the Consolidation will not require shareholder approval. Outstanding Edgemont stock options and share purchase warrants will also be adjusted by the Consolidation ratio and the respective exercise prices of outstanding options and share purchase warrants will be adjusted accordingly. The record date of the Consolidation is March 3, 2023, and effective at the opening of markets on March 2, 2023, the Common Shares will commence trading on the Canadian Securities Exchange on a post-Consolidation basis under the existing ticker \"EDGM\". The new CUSIP number will be 28008L205 and the new ISIN number will be CA28008L2057. The Consolidation is subject to the approval of the Canadian Securities Exchange (\"CSE\"). For further information, please contact: Stuart Rogers Chief Executive Officer...