Business
Killi Confirms Effective Date of Share Consolidation
Toronto, Ontario--(Newsfile Corp. - March 30, 2021) - Killi Ltd.  (TSXV: MYID )  ...
About this update from Reklaim Ltd
[{"type":"text","content":"Killi Confirms Effective Date of Share ConsolidationToronto, Ontario--(Newsfile Corp. - March 30, 2021) - Killi Ltd. (TSXV: MYID) (OTCQB: MYIDF) (the \"Company\" or \"Killi\") is pleased to announce that further to a news release issued on February 25, 2021, the consolidation of the Company's issued and outstanding common shares (the \"Common Shares\") on the basis of five (5) pre-consolidation Common Shares for one (1) post-consolidation Common Share (the \"Consolidation\") will be effected as of market open on April 1, 2020 (the \"Effective Date\"). No fractional shares will be issued on closing of the Consolidation and each fractional share then remaining after the Consolidation will be canceled. The Company's stock symbol will remain unchanged. The ISIN and CUSIP numbers for the Common Shares will be 49423R205 and CA49423R2054, respectively.“In light of our recent listing on the OTCQB, and in preparation of an extensive market awareness program throughout the United States, we are tightening our share structure so US investors, many of which are prohibited from purchasing shares of companies with over 100m shares, can participate in Killi,” said Neil Sweeney, CEO, and Founder of Killi.The Company currently has 336,296,001 Common Shares issued and outstanding. As of the Effective Date, the Company will have approximately 67,259,200 post-Consolidation Common Shares issued and outstanding. Registered shareholders that hold physical share certificates will receive a letter of transmittal from Computershare Trust Company of Canada (\"Computershare\"), the transfer agent for the Common Shares, describing the process by which such shareholders may obtain new share certificates representing their post-Consolidation Common Shares. Shareholders holding their Common Shares through a bank, broker or other nominee should note that banks, brokers or other nominees may have different procedures for processing the Consolidation than those put in place by the Company and Computershare. Accordingly, shareholders who hold Common Shares with banks, brokers or other nominees and have questions related to the Consolidation are encouraged to contact such persons. Investor Relations UpdateKilli also announces that it has entered into a consulting agreement (the \"Agreement\") with Jeanny So and Jeanny So Consulting...