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Saturn Oil & Gas Inc. Announces CEO Presenting at the International Investment Forum and Completes Share Consolidation
Calgary, Alberta--(Newsfile Corp. - October 7, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) ...
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"Saturn Oil & Gas Inc. Announces CEO Presenting at the International Investment Forum and Completes Share ConsolidationCalgary, Alberta--(Newsfile Corp. - October 7, 2021) - Saturn Oil & Gas Inc. (TSXV: SOIL) (FSE: SMK) (\"Saturn\" or the \"Company\") is pleased to announce John Jeffrey, CEO of Saturn, will be presenting at the International Investment Forum on October 14, 2021 and that the Company is proceeding with a consolidation (the \"Consolidation\") of its common shares (\"Common Shares\") on the basis of 20 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 June 22, 2021.International Investment ForumThe International Investment Forum is an online event taking place on October 14, 2021, that provides information on investment trends and ideas, covering all aspects of various industries, from top executives around the world. Saturn is scheduled to present at 11:15 am Eastern Daylight Time (5:15 pm Central European Summer Time). An overview of the exact schedule and presenting companies can be found at www.ii-forum.com.Share ConsolidationThe Common Shares will commence trading on the TSX Venture Exchange (the \"TSXV\") on a consolidated basis at the opening of markets on October 13, 2021 under its current TSXV trading symbol, \"SOIL\", and under the new post-Consolidation CUSIP and ISIN numbers of 80412L883 and CA80412L8832, respectively. The Consolidation will reduce the number of outstanding Common Shares from 502,907,048 to approximately 25,145,352, 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. The Company currently has 268,333,333 listed common share purchase warrants (the \"Listed Warrants\") outstanding at an exercise price of $0.16 per Common Share, which are currently traded on the TSXV under the symbol SOIL.WT. The Listed Warrants will continue to be traded on the TSXV under this symbol, and will retain their current CUSIP number, following the Consolidation of the Company's Common Shares. It is important to note that the Listed Warrants are not being consolidated. After giving effec...