Business
Stria Lithium Announces TSXV Acceptance of Share Consolidation
OTTAWA, ON / ACCESSWIRE / May 12, 2022 / Stria Lithium Inc. (TSX.V:SRA) (" Stria " or the " ...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Announces TSXV Acceptance of Share ConsolidationOTTAWA, ON / ACCESSWIRE / May 12, 2022 / Stria Lithium Inc. (TSX.V:SRA) (\"Stria\" or the \"Company\") is pleased to announce that the TSX Venture Exchange (the \"TSX-V\") has approved a share consolidation of the outstanding capital of the Company (the \"Consolidation\") of the Company's common shares on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share.The Consolidation will be effective at the open of the market on May 16, 2022 (the \"Effective Date\"). The Company will not change its name as part of the Consolidation but will issue new share certificates under a new CUSIP number, which is 86330Y501 (ISIN: CA86330Y5011). The Company's common shares will continue to trade on the Exchange under its current symbol, \"SRA\".The Company currently has 162,110,369 common shares issued and outstanding. As at the Effective Date, the Company will have approximately 16,211,037 post-Consolidated common shares issued and outstanding.Holders of Common Shares who hold uncertificated shares (that is shares held in book-entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book-entry account(s) electronically adjusted by the Company's transfer agent or, in the case of beneficial shareholders, by their brokerage firms, banks, trusts or other nominees. Such holders generally do not need to take any additional actions to exchange their pre-Consolidation common shares for post-Consolidation common shares.Registered shareholders holding share certificates have been mailed a letter of transmittal advising of the consolidation and instructing them to surrender the share certificates representing pre-Consolidation common shares for replacement certificates or a direct registration advice representing their post-Consolidation common shares. Until surrendered for exchange, each share certificate formerly representing pre-consolidation Common Shares will be deemed to represent the number of whole post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the...