- ArcPacific Resources Corp. (ACP) is consolidating all of its issued and outstanding common shares
- The consolidation will be done on the basis of one post-consolidation common share for ten pre-consolidation common shares
- The post-consolidation shares will begin trading on the TSX Venture Exchange on December 15, 2022
- ArcPacific Resources Corp. is a Canadian-based exploration company
- Arcpacific Resources Corp. opened trading at $0.03
ArcPacific Resources Corp. (ACP) is consolidating all of its issued and outstanding common shares.
The consolidation will be done on the basis of one post-consolidation common share for ten pre-consolidation common shares.
Post-consolidation shares will begin trading on the TSX Venture Exchange on December 15, 2022.
The new CUSIP number is 039662200, and the ISIN number is CA0396622007. The company’s name and trading symbol will remain unchanged.
The consolidation is expected to result in the number of issued and outstanding common shares being reduced from 71,467,840 pre-consolidation common shares to approximately 7,146,784 post-consolidation common shares.
The exercise or conversion price of warrants and stock options and the number of common shares issuable thereunder will also be proportionately adjusted upon the completion of the consolidation.
No fractional shares will be issued as a result of the consolidation. All fractions of common shares will be rounded down to the next lowest whole number.
ArcPacific Resources Corp. is a Canadian-based exploration company.
Arcpacific Resources Corp. opened trading at $0.03.