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Maverix Proposes Share Consolidation to Seek U.S. Listing
Maverix Proposes Share Consolidation to Seek U.S. Listing Canada NewsWire VANCOU...
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[{"type":"text","content":"\n\n\n\nMaverix Proposes Share Consolidation to Seek U.S. Listing\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, April 23, 2019\n\n\n\nVANCOUVER, April 23, 2019 /CNW/ - Maverix Metals Inc. (the \"Company\" or \"Maverix\") (TSX-V: MMX) is proposing a consolidation of its issued and outstanding common shares (the \"Common Shares\") on the basis of one (1) post-consolidation Common Share for every two (2) pre-consolidation Common Shares (the \"Consolidation\"). \n\n \n \n\n \n\"A consolidation would allow Maverix to pursue a dual listing on a U.S. stock exchange, which is consistent with our strategy of expanding our potential shareholder base\", said President and CEO Dan O'Flaherty. \"This would be an exciting step in the growth of the Company.\"\nThe Company currently has 215,896,666 issued and outstanding Common Shares. If approved at the Company's upcoming Annual General and Special Meeting of Shareholders (the \"AGM\"), the Consolidation would reduce the issued and outstanding Common Shares to approximately 107,948,333 Common Shares. The exercise or conversion price of outstanding stock options and warrants would be proportionately adjusted based on the consolidation ratio. The proposed Consolidation is also subject to approval by the TSX Venture Exchange.\nFull details regarding the proposed Consolidation are included in the information circular mailed on April 23, 2019 to all Maverix shareholders of record as of April 4, 2019 and posted on www.sedar.com in connection with the Company's AGM, which is scheduled to be held on Tuesday, May 14, 2019. No assurances can be given that the Company will be successful in achieving a listing of its securities on a U.S. exchange.\nAbout Maverix\nMaverix is a gold royalty and streaming company. Maverix's mission is to provide its shareholders with significant low risk leverage to precious metal prices and to increase underlying per share value by expanding its portfolio with acquisitions of high-quality royalties and streams that offer robust returns.\nNEITHER THE TSX VENTURE EXCHANGE (\"TSX-V\...