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Metalla Sets Effective Date for Previously Announced Share Consolidation
Metalla Sets Effective Date for Previously Announced Share Consolidation Canada Ne...
About this update from Metalla Royalty & Streaming Ltd.
[{"type":"text","content":"\n\n\n\nMetalla Sets Effective Date for Previously Announced Share Consolidation\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\nCanada NewsWire\nVANCOUVER, Dec. 16, 2019\n\n\n\nTSXV:  MTAOTCQB:  MTAFF\n VANCOUVER, Dec. 16, 2019 /CNW/ - Metalla Royalty & Streaming Ltd. (\"Metalla\" or the \"Company\") (TSXV: MTA) (OTCQB: MTAFF) announces that, in connection with a planned listing on the NYSE American, LLC (\"NYSE American\"), the Company will complete its previously announced consolidation of common shares on the basis of one new share for four old shares (1:4) (the \"Consolidation\") effective as of 12:01 a.m. (PST) on December 17, 2019 (the \"Effective Time\"). The Company's consolidated common shares are expected to begin trading on the TSX Venture Exchange (\"TSXV\") when the markets open on December 17, 2019.\n\n \n \n\n \nShare Consolidation\nEach four (4) common shares issued and outstanding at the Effective Time will be consolidated into one (1) common share. The Consolidation affects all of the Company's common shares outstanding at the Effective Time. As a result of the Consolidation, the number of issued and outstanding common shares will be reduced from approximately 135,244,590 to 33,811,175 (subject to fractional treatment). Each shareholder's percentage ownership in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments resulting from the treatment of fractional shares.\nNo fractional shares will be issued as a result of the Consolidation. Fractional interests of 0.5 or greater will be rounded up to the nearest whole number of shares and fractional interests of less than 0.5 will be rounded down to the nearest whole number of common shares.\nEffect of the Consolidation on Registered and Beneficial Holders\nRegistered shareholders holding share certificates will be mailed a letter of transmittal advising of the Consolidation and instructing them to surrender their share certificates representing pre-Consolidation common shares for replacement certificates representing their po...