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LQwD Announces Share Consolidation
LQwD Announces Share Consolidation Canada NewsWire VANCOUVER, BC ...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n LQwD Announces Share Consolidation\n \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 Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 7, 2022\n \n \n /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC: LQWDF) announces that it intends to complete a share consolidation of the outstanding share capital of LQwD (the \"Consolidation\"). On\n \n October 18, 2022\n \n , LQwD's Board of Directors approved the Consolidation on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share. The reasons for the Consolidation are to increase LQwD's flexibility and competitiveness in the market, and to make LQwD's securities more attractive to a wider audience of potential investors. The Consolidation is subject to final acceptance by the TSX Venture Exchange.\n \n \n As a result of the Consolidation, LQwD's currently issued and outstanding 97,777,807 common shares will be reduced to approximately 9,777,780 common shares. No fractional common shares will be issued as a result of the Consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares. The Company's name and trading symbol will remain unchanged, and the Company anticipates the effective date of the Consolidation to be\n \n November 14, 2022\n \n .\n \n \n Registered shareholders will receive a letter of transmittal from LQwD's transfer agent, Computershare Investor Services Inc. (\"Computershare\"), with information on how to exchange their old share certificates representing pre-Consolidation common shares with the new share certificates representing post-Consolidation common shares. Computershare will forward to 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, each share certificate representing pre-Consolidation common shares of LQwD will be deemed for all purposes to represent the number of whole post-Consolidation common shares to w...