- Flow Metals Corp. (FWM) will be consolidating all of its issued and outstanding shares
- Under the share consolidation, which will take effect on July 22, 2022, every ten pre-consolidation common shares for one post-consolidation common share
- When the share consolidation is completed, the company will have about 3,434,097 common shares issued and outstanding
- Flow Metals believes that the consolidation will enhance its attractiveness for financing opportunities and allow for the restructuring and settlement of certain existing liabilities
- Flow Metals is a western Canadian gold explorer targeting easy access early-stage gold projects in renowned mining districts
- Flow Metals Corp. opened the day’s trading at $0.015 per share
Flow Metals Corp. (FWM) will be consolidating its issued and outstanding shares.
Under the share consolidation, which will take effect on July 22, 2022, every ten pre-consolidation common shares for one post-consolidation common share.
When the share consolidation is completed, the company will have about 3,434,097 issued and outstanding common shares.
Any fractional common shares will be cancelled.
The exercise or conversion price and the number of common shares issuable under any of the company’s outstanding convertible securities will be proportionately adjusted upon the share consolidation.
The company will have the new ISIN: CA34346Q2036 (international securities identification number) and the new the CUSIP: 34346Q203 (Committee on Uniform Securities Identification Procedures).
The common shares are expected to begin trading on a post-share consolidation basis when markets open on July 21, 2022.
Shareholders of record will receive a letter of transmittal providing instructions for exchanging their common shares following the record date.
Flow Metals believes that the consolidation will enhance its attractiveness for financing opportunities and allow for the restructuring and settlement of certain existing liabilities.
Completion of the consolidation remains subject to completion of appropriate regulatory filings with the Canadian Securities Exchange.
Flow Metals is a western Canadian gold explorer targeting easy access early-stage gold projects in renowned mining districts.
Flow Metals Corp. opened the day’s trading at $0.015 per share.