Loading ...Skeena Announces Share Consolidation
VANCOUVER, BC / ACCESSWIRE / June 4, 2021 /Skeena Resources Limited (TSX:SKE)(OTCQX:SKREF) (“Skeena” or the “Company”) is pleased to announce that, in anticipation of pursuing a listing on the New York Stock Exchange (the “NYSE”), the Company will consolidate its common shares at a ratio of four pre-consolidation shares to one post-consolidation share (the “Consolidation”). Fractional shares of 0.5 or greater will be rounded up to the nearest whole number of common shares and fractional shares of less than 0.5 will be rounded down to the nearest whole number of Shares.
The Company currently has 243,810,333 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 60,952,583 common shares issued and outstanding. Some slight variance is expected due to fractional rounding. As is customary, to reflect the Consolidation, all outstanding warrants and incentive stock options will be adjusted to increase their exercise price by a factor of four and to reduce the number of common shares issued upon exercise by dividing by four.
https://finance.yahoo.com/news/skeena-announces-share-consolidation-205000372.html