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Global Battery Metals Announces Completion of 10:1 Share Consolidation
(TheNewswire) Vancouver, British Columbia – February 26, 2025 – TheNewswi...
About this update from Global Battery Metals Ltd.
[{"type":"text","content":"Global Battery Metals Announces Completion of 10:1 Share Consolidation\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\nFebruary 26, 2025\n \n –\n \n TheNewswire -\n \n\n\n Global\nBattery Metals Ltd.\n \n\n (the “\n \n Company\n \n ” or “\n \n GBML\n \n ”) (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an\ninternational critical mineral exploration company focused on\ngrowth-oriented lithium, copper and battery metal projects, announces\nthat further its news release of February 19, 2025, the Company is now\nin the position to complete the consolidation of its issued and\noutstanding common shares on the basis of one (1) new common share (a\n“\n \n Post-Consolidation\nShare\n \n ”) for every ten (10) currently-outstanding common\nshares (the “\n \n Consolidation\n \n ”).  The Company's common shares will\ncommence trading on the TSX Venture Exchange (“\n \n TSXV\n \n ”) on a Post-Consolidation\nbasis effective market open on March 3, 2025 (the “\n \n Effective Date\n \n ”).  The\nCompany’s name and trading symbol will remain unchanged.\n \n\n On a pre-Consolidation basis, the Company has 78,539,280 issued and\noutstanding common shares and, following the Consolidation, the\nCompany expects to have 7,853,927 common shares issued and\noutstanding.  No fractional Post-Consolidation Shares will be issued.\n If, as a result of the Consolidation, a shareholder would otherwise\nbe entitled to a fraction of a Post-Consolidation Share, each\nfractional share following conversion that is at least one-half (1/2)\nof a Post-Consolidation Share will be rounded up to the nearest whole\nnumber and each fractional share that is less than one-half (1/2) of a\nPost-Consolidation Share will be cancelled.   No cash consideration\nwill be paid in respect of fractional shares.\n \n\n On the Effective Date, the Company’s new CUSIP number for its\nPost-Consolidation Shares will be 37958K208 and the new ISIN will be\nCA37958K2083.  Letters of transmittal describing the process by which\nshareholders may obtain new share certificates or Direct Registration\nSystem (DRS) advices representing their Post-Consolidation Shares will\nbe mailed shortly to registered shareholders.  S...