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Graycliff Exploration Restricted (CSE: GRAY,OTC:GRYCF) (OTC Pink: GRYCF) (the “Firm” or “Graycliff”) declares the Firm’s board of administrators has permitted, and the Firm might be effecting, a share consolidation of its issued and excellent frequent shares (Frequent Shares) on a one post-consolidation Frequent Share for each 4 pre-consolidation Frequent Shares (the Consolidation). The decision was permitted by all administrators of the Firm.
In relation to the Consolidation, the Firm might be acquiring a brand new CUSIP and ISIN. There isn’t any title change or inventory image change in reference to the Consolidation. The Consolidation is topic to the approval of the Canadian Securities Alternate (the CSE).
The Consolidation will cut back the variety of excellent Frequent Shares from 17,609,841 to roughly 4,402,460. The train worth and the variety of Frequent Shares issuable underneath any of the Firm’s excellent inventory choices might be proportionately adjusted to mirror the Consolidation in accordance with the respective phrases thereof. No fractional Frequent Shares might be issued pursuant to the Consolidation. Any fractional share that’s lower than ½ of 1 post-consolidation Frequent Share might be cancelled and any fractional share that’s no less than ½ of 1 post-consolidation Frequent Share might be rounded as much as one complete post-consolidation Frequent Share.
Extra info might be obtainable within the close to future.
About Graycliff Exploration Restricted
Graycliff Exploration is a mineral exploration firm centered on its 1,468 hectares of potential floor, positioned roughly 80 kilometres west of Sudbury on the prolific Canadian Protect. The Firm’s Shakespeare Mission consists of 1 crown patented lease, two crown leases and 40 claims on a property related to the historic Shakespeare Gold Mine. Graycliff to this point has drilled over 12,500 metres at Shakespeare, with seen gold recognized in a number of holes.
Be taught extra on the web site: https://graycliffexploration.com/.
On Behalf of the Board of Administrators,
James Macintosh
President and CEO
Neither the Canadian Securities Alternate nor its regulation companies supplier has reviewed or accepted accountability for the adequacy or accuracy of this press launch
This press launch might embody forward-looking info inside the that means of Canadian securities laws, in regards to the enterprise of the Firm. Ahead-looking info relies on sure key expectations and assumptions made by the administration of the Firm. Though the Firm believes that the expectations and assumptions on which such forward-looking info relies on are affordable, undue reliance shouldn’t be positioned on the forward-looking info as a result of the Firm can provide no assurance that they’ll show to be appropriate. Ahead-looking statements contained on this press launch are made as of the date of this press launch. The Firm disclaims any intent or obligation to replace publicly any forward-looking info, whether or not because of new info, future occasions or outcomes or in any other case, aside from as required by relevant securities legal guidelines.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/274930
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