- Canacol Energy (CNE) has announced a share consolidation on the basis of five pre-consolidation shares for every post-consolidation share
- The 170,557,290 common shares issued and outstanding prior to the consolidation have been reduced to approximately 34,111,458
- Common shares of Canacol will begin trading on a post-consolidation basis on or about January 20, 2023
- The 170,557,290 common shares issued and outstanding prior to the consolidation have been reduced to approximately 34,111,458
- Canacol is a natural gas exploration, and production corporation with operations focused in Colombia
- Canacol Energy Ltd. (CNE) opened trading at C$2.33
Canacol Energy (CNE) has announced a share consolidation on the basis of five pre-consolidation shares for every post-consolidation share.
The corporation’s common shares will continue to be listed on the TSX and will begin trading on a post-consolidation basis on or about January 20, 2023.
Following the consolidation, the new CUSIP number for the common shares is 134808302, and the new ISIN is CA1348083025.
The 170,557,290 common shares issued and outstanding prior to the consolidation have been reduced to approximately 34,111,458. Each shareholder’s percentage ownership in the corporation and proportional voting power remains unchanged after the consolidation, except for adjustments to any fractional common shares.
The corporation’s transfer agent, Olympia Trust Company, will act as the exchange agent for the consolidation. Registered shareholders will receive a letter of transmittal enabling them to exchange their old share certificates for new share certificates, or a Direct Registration System Advice/Statement representing the number of new post-consolidation common shares they hold.
Those who hold their shares through securities brokers, dealers, banks or financial institutions will not need to complete a letter of transmittal. Shareholders holding their shares through an intermediary and who have any questions in this regard are encouraged to contact their intermediary.
Canacol is a natural gas exploration, and production corporation with operations focused in Colombia.
Canacol Energy Ltd. (CNE) opened trading at C$2.33.