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NORTHERN SHIELD ANNOUNCES SHARE CONSOLIDATION
NORTHERN SHIELD ANNOUNCES SHARE CONSOLIDATION Canada NewsWire OTTAW...
About this update from Northern Shield Resources Inc.
[{"type":"text","content":"\n \n \n \n NORTHERN SHIELD 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 OTTAWA, ON\n \n \n ,\n \n \n Sept. 6, 2022\n \n \n /CNW/ - Northern Shield Resources Inc. (\"\n \n Northern Shield\n \n \" or the \"\n \n Company\n \n \") (TSXV: NRN) announces that it is proceeding with a consolidation (the \"\n \n Consolidation\n \n \") of its common shares (\"\n \n Common Shares\n \n \") on the basis of five (5) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share. The Consolidation was approved by the shareholders of the Company at the Company's annual general and special meeting of shareholders held on\n \n June 21, 2022\n \n .\n \n \n The Common Shares will commence trading on the TSX Venture Exchange (the \"\n \n TSXV\n \n \") on a consolidated basis at the opening of markets on\n \n September 9, 2022\n \n under its current TSXV trading symbol, \"NRN\", and under the new post-Consolidation CUSIP and ISIN numbers of 665720306 and CA6657203064, respectively.\n \n \n The Consolidation will reduce the number of outstanding Common Shares from 291,683,550 to approximately 58,336,710, subject to rounding. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded down to the next lowest whole number.\n \n \n Letters of transmittal have been mailed to the registered shareholders of the Common Shares requesting that they forward their pre-Consolidation share certificates to the Company's transfer agent, Computershare Trust Company of\n \n Canada\n \n , to exchange such certificates for new share certificates representing their Common Shares on a post-Consolidation basis.\n \n \n Shareholders who hold their shares through a broker or other intermediary and do not have actual share certificates registered in their name will not be required to complete and return a letter of transmittal. Any pre-Consolidation Common Shares owned by such shareholders will automatically be adjusted as a result o...