Volatus Announces Share Consolidation
VOLATUS CAPITAL CORP.
NEWS RELEASE
Volatus Announces Share Consolidation
April 17, 2020 CSE Trading Symbol: VC
Volatus Capital Corp. (“Volatus” or the “Company”) announces its common shares will consolidate effective April 22, 2020, on a 3 old for 1 new basis. The record date for the consolidation is April 23, 2020. There is no change in the trading symbol for Volatus. Any fractional shares arising upon the consolidation will be rounded to the nearest whole number of common shares. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.
Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders holding their shares through a broker or other intermediary and consequently not having shares registered in their name will not be required to complete a letter of transmittal.
Following the consolidation and subject to rounding, the Company will have approximately 5,641,667 common shares outstanding and 400,833 shares reserved for issuance.
About Volatus Capital Corp.
Volatus is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Sunset Copper Star Property and Split Dome properties. The Sunset Copper Star Property consists of two contiguous mineral tenures covering an area of 1,138.15 hectares, located approximately 19 kilometres northwest of the city of Campbell River in the Nanaimo Mining Division, British Columbia. The Split Dome project consists of three continuous mineral tenures covering 5,840 hectares located 55 km north-east of Hazelton, British Columbia, on the west side of the Babine Valley.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
“Michael Collins”
Michael Collins, President and CEO For additional information, contact Volatus at 604-681-3170
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