Business
Petrox Announces Share Consolidation
Calgary, Alberta--(Newsfile Corp. - December 15, 2025) - Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") is pleased to announce that on or about December 18, 2025 the Common Shares of the Corporation will commence trading on the TSX Venture Exchange on a consolidated basis of 1 post-consolidation share for every 10 pre-consolidation shares (the "Consolidation"). There will be no change to the Corporation's name or stock trading symbol.No fractional Common Shares will be...
About this update from Ptc Inc.
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - December 15, 2025) - Petrox Resources Corp. (TSXV: PTC) (the "Corporation" or "Petrox") is pleased to announce that on or about December 18, 2025 the Common Shares of the Corporation will commence trading on the TSX Venture Exchange on a consolidated basis of 1 post-consolidation share for every 10 pre-consolidation shares (the "Consolidation"). There will be no change to the Corporation's name or stock trading symbol.","length":492,"tagName":"p"},{"type":"text","content":"No fractional Common Shares will be issued pursuant to the Consolidation, and any fractional Common Shares that would otherwise be issued will be rounded up to the nearest whole number and no cash consideration will be paid in respect of fractional shares. The exercise or conversion price and the number of Common Shares issuable under any of the Corporation's outstanding warrants and stock options will be proportionately adjusted to reflect the Consolidation in accordance with their respective terms.","length":509,"tagName":"p"},{"type":"text","content":"Registered shareholders will receive a letter of transmittal from the Company's transfer agent, Odyssey Trust Company, providing instructions on how to exchange their share certificates representing pre-Consolidation Common Shares for new share certificates or Direct Registration Advice (DRS) representing post-Consolidation Common Shares to which they are entitled as a result of the Consolidation. No action is required by non-registered shareholders (shareholders who hold their Common Shares through an intermediary) to effect the Consolidation. The letter of transmittal will also be available on the Corporation's SEDAR+ profile at www.sedarplus.ca.","length":664,"tagName":"p"},{"type":"text","content":"Until surrendered, each certificate representing Common Shares prior to the Consolidation will be deemed for all purposes to represent the number of Common Shares to which the holder is entitled as a result of the Consolidation.","length":228,"tagName":"p"},{"type":"text","content":"The TSX Venture Exchange has approved the Consolidation. The Consolidation was approved by a special majority of shareholders at the Corporation's annual general and special meeting of shareholders held on December 15, 2025.","length":228,"tagName":...