Business
Lithium Lion Metals Announces Consolidation of Common Shares
Vancouver, British Columbia – TheNewswire - January 16, 2024 – Lithium Lion Metals Inc. (“Lithium Lion” or the “Company”) (CSE:LLM) (OTC:GLIOF) (FSE:2BC) announ
About this update from Panther Minerals Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - January 16, 2024 – Lithium Lion Metals Inc. (“Lithium Lion” or the “Company”) (CSE:LLM) (OTC:GLIOF) (FSE:2BC) announces that the Company will be consolidating all of its issued and outstanding common shares on the basis of one (1) post-consolidated Share (each a \"Post-Consolidated Common Share\") for every ten (10) pre-consolidated shares (each a \"Pre-Consolidated Common Share\") held (the \"Consolidation\"). The Consolidation is intended to make the Company more attractive to potential new investors. The Company's board of directors approved the Consolidation on January 11, 2024, and have set January 19, 2024 as the record date of the Consolidation. Trading of the Post-Consolidated Common Shares on the Canadian Securities Exchange (\"CSE\") is expected to commence on or about January 18, 2024, subject to final approval by the CSE. The new CUSIP number will be 53681M205 and the new ISIN number will be CA53681M2058. The Company's name and stock symbol will remain unchanged following the Consolidation. As of the date hereof, the Company currently has 83,816,486 Pre-Consolidated Common Shares issued and outstanding. The Consolidation will reduce the number of outstanding shares to approximately 8,381,64 Post-Consolidated Common Shares issued and outstanding. Shareholders of the Company (other than those holding certificated shares who will be contacted by Lithium Lion directly) will automatically receive their Post-Consolidated Common Shares without any further action. Endeavor Trust Corporation will send each registered shareholder a DRS statement(s) representing the Post-Consolidation Common Shares. Shareholders who hold their shares through an intermediary are encouraged to contact their intermediaries if they have any questions. No fractional Shares will be issued under the Consolidation as fractional Shares will be rounded either up or down to the nearest whole number of Shares. Each fractional Share remaining after conversion that is less than half of a Share will be cancelled and each fractional Share that is at least half of a Share will be changed to one whole Share. The exercise price and number of Shares issuable pursuant to the exercise of any outstanding convertible securities, including incentive stock options and warrants, will also be adjusted in accordance with the...