Business
Fuse Cobalt Announces Forward 2:1 Share Split
(via TheNewswire) Vancouver, BC - TheNewswire - June 3, 2020 - Fuse Cobalt Inc. ("...
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"Fuse Cobalt Announces Forward 2:1 Share Split(via TheNewswire)\n\n \nVancouver, BC - TheNewswire - June 3, 2020 - Fuse Cobalt Inc. (\"the Company\" or \"Fuse\") (TSXV:FUSE) (OTC:WCTXF) (FRA:43W2) is pleased to announce that as permitted by the Company's Articles, the Board of Directors of the Company has approved and will proceed with a forward share split of its outstanding common shares on the basis of two (2) new shares for every one (1) old share (the \"Forward Split\"). The record date for the Forward Split will be Wednesday, June 10, 2020, subject to TSX Venture Exchange approval.\n\n\n \nThe Company believes that having a greater number of common shares at a reduced price will enhance long-term liquidity and increase investor interest in the Company and its business.\n\n\n \nCurrently the Company has 33,168,283 common shares issued and outstanding and following the Forward Split, the Company will have 66,336,566 common shares issued and outstanding. The Company's name, CUSIP number and trading symbol will remain the same.\n\n\n \nAll outstanding stock options and share purchase warrants will be adjusted on the same split ratio and the respective exercise prices will be adjusted accordingly.\n\n\n \nShareholders of the Company do not need to take any action with respect to the Forward Split. The Company's transfer agent, Odyssey Trust Company, will send registered shareholders a Direct Registration System advice (DRS) representing the additional number of shares to be received as a result of the Forward Split.\n\n \n \nAbout Fuse Cobalt Inc. www.fusecobalt.com\n\n \n \nFuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.\n\n \n \nOntario Cobalt Properties: Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project which consists of 785 hectares of land and is also located near Cobalt, Ontario. The Teledyne Property...