• Freitag, 29 März 2024
  • 12:22 Uhr Frankfurt
  • 11:22 Uhr London
  • 07:22 Uhr New York
  • 07:22 Uhr Toronto
  • 04:22 Uhr Vancouver
  • 22:22 Uhr Sydney

Meryllion Resources Corp. Announces Intention to Consolidate its Shares

27.08.2020  |  Newsfile

Toronto, August 27, 2020 - Meryllion Resources Corp. (CSE: MYR), ("Meryllion" or the "Corporation") is pleased to announce its intention to seek the necessary approvals to consolidate its common shares.

The Corporation has called an annual general and special meeting of shareholders (the "Meeting") for Tuesday, October 27, 2020 at 10:00 a.m. (Eastern Time). At the Meeting, Meryllion's shareholders will be asked to consider and adopt a special resolution approving a share consolidation on the basis of one new common share (each, a "New Share") for every ten existing common shares (each, an "Existing Share") of the Corporation (the "Consolidation").

For example, the current number of shares that the Corporation has issued and outstanding will be reduced from 91,148,420 Existing Shares as of the date hereof down to approximately 9,114,842 New Shares based on the 10:1 consolidation ratio.

Meryllion's board of directors is of the opinion that the Consolidation will provide the Corporation with greater flexibility as it could lead to increased interest by a wider audience of potential investors and would better position the Corporation to obtain financing and to pursue future opportunities.

The procedure for implementing the consolidation and the full text of the special resolution approving the Consolidation will be available in the Corporation's management information circular in respect of the Meeting. The Consolidation remains subject to shareholder approval and acceptance by the Canadian Securities Exchange.

For further information please contact:

Mr. Jeremy Edelman
Director and Chief Executive Officer
Meryllion Resources Corp.
T: +61 455 553 363
E: jeremy@edelman.cc

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62684


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Meryllion Resources Corp.
Bergbau
A2QJR0
CA59047T2065

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.