Business
Jazz Resources Announces a 8 - for - 1 Share Consolidation
(via TheNewswire) Vancouver, BC - TheNewswire - 21st of February, 2020 - Jazz Resour...
About this update from Jzr Gold Inc.
[{"type":"text","content":"Jazz Resources Announces a 8 - for - 1 Share Consolidation(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - 21st of February, 2020 - Jazz Resources Inc. (\"Jazz\", or the \"Company\") - (TSXV:JZR), the junior resource exploration and mining company focused on the Revelstoke mining district of British Columbia, Canada would like to announce that it has arranged a consolidation of its common shares on a basis of eight (8) pre-consolidated for one (1) post-consolidated shares and withdrawal of the previous announced financing in December 2019. \n\n\n \nEffective at open on February 26, 2020, 20,616,939 of the currently issued and outstanding shares will be reduced to approximately 2,576,885 post-Consolidation Shares. No fractional shares will be issued under the Consolidation. Each fractional share following the Consolidation share will be rounded down to the nearest whole number. \n\n\n \nThe exercise or conversion price and the number of shares issuable under any of the Company's outstanding stock options and convertible instruments, as applicable, will be proportionately adjusted upon completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their Shares for replacement certificates representing the number of post-consolidation Shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing Shares prior to the Consolidation will be deemed for all purposes to represent the number of Shares to which the holder thereof is entitled as a result of the Consolidation.\n\n\n \nThe Board of Directors of the Company believes that the Consolidation is necessary to better position the Company for future corporate development opportunities and financing transactions. \n\n\n \nIn connection with the consolidation, the name of the company will not change and the company's trading symbol will remain \"JZR\" and the company will be trading under the new Cusip: 47214Y207 and ISIN: CA47214Y2078.\n\n\n \nOn behalf of the Board of Directors,\n\n\n \nRobert Klenk\nCEO\nJazz Resources Inc.\n\n\n \nFor further information on this matter, please refer to the Company's website: www.jazzresources.ca or contact Rob Klenk at [email protected]\n\n\n \nNeither TSX Venture Exchange nor its Regulatio...