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Petro-Victory Announces Proposed Share Consolidation
Petro-Victory Announces Proposed Share Consolidation Canada NewsWire CALGARY, Ja...
About this update from Petro-victory Energy Corp Class A
[{"type":"text","content":"\n\n\n\nPetro-Victory Announces Proposed 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\nCALGARY, Jan. 23, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n CALGARY, Jan. 23, 2020 /CNW/ - Petro-Victory Energy Corp. (\"Petro-Victory\" or the \"Company\") (TSX-V: VRY) announced today that the Board of Directors has unanimously approved a consolidation of its share capital on the basis of one (1) new common ‎share for every existing forty (40) common shares (the \"Consolidation\"), subject to regulatory approval, including ‎approval of the TSX Venture Exchange.  Effective on or about January 27, 2020, Petro-Victory will complete the Consolidation.  ‎Where the exchange results in a fractional share, the number of common shares will be rounded up to the nearest ‎whole common share.  The Board of Directors believes that the Consolidation should enhance the marketability of the ‎common share as an investment and should facilitate additional financings to fund operations in the future.  ‎Shareholder approval of the Consolidation was obtained at the annual general and special shareholders meeting held ‎on November 21, 2019. A new CUSIP number of G7041T139 replaces the old CUSIP number of G7041T105, to distinguish ‎between the pre- and post- consolidated shares. The Company's name and trading symbol will remain unchanged. ‎\n\n \n \n\n \nCommencing at the opening of trading on or about January 27, 2020, the common shares of the Company will trade ‎on a post-Consolidation basis on the TSX Venture Exchange.  Following the Consolidation, there are expected to be ‎‎6,783,977 Class A common shares and 2,388,375 Class B common shares post-Consolidation shares outstanding.\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be a...