Business
Helio Announces Effective Date of Share Consolidation
Helio Announces Effective Date of Share Consolidation Canada NewsWire VANCOUVER,...
About this update from Winshear Metals Corp.
[{"type":"text","content":"\n\n\n\nHelio Announces Effective Date of Share Consolidation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 6, 2018\n\n\n\nTSX-V Trading Symbol: HRC\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS./\n\n\n\nVANCOUVER, Feb. 6, 2018 /CNW/ - Helio Resource Corp (\"Helio\" or the \"Company\"; TSX-V: HRC) is pleased to announce that the TSX Venture Exchange has approved a consolidation of the Company's common shares (the \"Shares\") on the basis of one new Share for every 25 Shares currently issued and outstanding (the \"Consolidation\"). The Consolidation was approved by the Company's shareholders at the annual general and special meeting held on October 26, 2017.  \n\nThe Shares will commence trading on the TSX Venture Exchange on a consolidated basis at the open of markets on Thursday, February 8, 2018. On a post-Consolidation basis, the Company will have approximately 10,449,318 Shares. The Company's name and trading symbol will remain the same. \n\nThe Company will not issue any fractional Shares as a result of the Consolidation. Instead, each fractional post-Consolidation Share remaining after conversion that is less than one-half of a post-Consolidation Share will be cancelled and each fractional post-Consolidation Share that is at least one-half of a post-Consolidation Share will be changed to one whole post-Consolidation Share.\n\nThe Company's options and warrants will also be adjusted on the same basis (25 for 1) as the Shares, with proportionate adjustments being made to exercise prices.\n\nA full description of the Consolidation is contained in the Company's management information circular dated September 25, 2017, which has been filed under the Compan...