Business
Sceptre Ventures Announces Proposed Share Consolidation
VANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Sceptre Ventures Inc. ("Sceptre" or the "C...
About this update from Sceptre Ventures, Inc.
[{"type":"text","content":"Sceptre Ventures Announces Proposed Share ConsolidationVANCOUVER, BC / ACCESS Newswire / April 30, 2025 / Sceptre Ventures Inc. (\"Sceptre\" or the \"Company\") (TSXV-NEX:SVP.H) announces that it intends to complete a consolidation of its issued and outstanding common shares (the \"Shares\") on the basis of one (1) new Share (each, a \"Post-Consolidated Share\") for every ten (10) current outstanding Shares (the \"Consolidation\").It is anticipated that the Consolidation will reduce the number of outstanding Shares from 24,016,477 Shares to approximately 2,401,648 Post-Consolidated Shares, subject to adjustment for rounding. The board of directors of the Company believes that the Consolidation will both enhance the marketability of the Company as an investment and better position the Company to raise the funds necessary to execute the Company's business plan. The Consolidation is subject to approval by the TSX Venture Exchange (the \"Exchange\").The Company does not intend to change its name or its current trading symbol in connection with the proposed Consolidation. The effective date of the Consolidation will be announced in a subsequent news release.No fractional Post-Consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-Consolidated Share will be rounded up to the nearest whole number of Post-Consolidated Shares and no cash consideration will be paid in respect of fractional Shares.The exercise price and number of Shares of the Company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof.About Sceptre Ventures Inc.Sceptre Ventures Inc. is a Capital Pool Company (\"CPC\") within the meaning of the policies of the TSX Venture Exchange and has not commenced commercial operations and has no assets other than cash. Sceptre is currently engaged in identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction under the TSXV's CPC policy.For Further Information:Kevin Bottomley, Chief Executive OfficerSuite 1450-789 West Pender StreetVancouver, BC, V6C 1H2, CanadaTel: 604-681-1568Email: [email protected] LOOKING INFORMATIONStatements in this news release that ar...