Supreme Announces Effective Date for Share Consolidation
545 Granite Street
Sudbury, Ontario P3C 2P4
Tel: 705 690-8118
Supreme Announces Effective Date for Share Consolidation
Sudbury, Ontario – May 21, 2020 - Supreme Metals Corp. (the “Company” or “Supreme”) (CSE:
ABJ) (FSE: A68) announces that the previously disclosed consolidation (the “ Consolidation”) of
the Company’s common shares (“ Shares”) on the basis of one (1) post-Consolidation Share for
every twenty (20) pre-Consolidation Shares, will be effective May 25, 2020 (the “Effective Date”).
The Company currently has 321,824,532 Shares issued and outstanding. Following the
Consolidation, there will be approximately 16,091,226 Shares issued and outstanding. No
fractional Shares will be issued and any fractions of a Share will be rounded down to the nearest
whole number of Shares. The exercise or conversion price and the number of Shares issuable
under any of the Company’s outstanding convertible securities will be proportionately adjusted
upon Consolidation.
The Shares will start to be traded on the Canadian Securities Exchange (“ CSE”) on a post-
Consolidation basis, under the new CUSIP number 868627209. The Company’s Shares are
expected to begin trading on a post-Consolidation basis on the CSE when markets open on May
22, 2020.
Shareholders of record as at the Effective Date will receive a letter of transmittal providing
instructions for the exchange of their Shares as soon as practicable following the Effective Date.
About Supreme Metals Corp.
Supreme Metals Corp. (CSE: ABJ) (FSE:A68) is a Canadian based exploration company with a
focused approach in the area of green and energy metals in the Western World adjacent to
anticipated downstream manufacturing projects that will have a significant need for these
metals. The discovery of several significant magnetic anomalies on the Bloom Lake East Property
has resulted in its focus on the iron potential of this property, especially in light the recent price
rise in that commodity and its proximity to an operating iron mine
On Behalf of the Board,
Bob Komarechka
CEO and President
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may contain forward-looking statements based on assumptions and judgments
of management regarding future events or results. Such statements are subject to a variety of
risks and uncertainties which could cause actual events or results to differ materially from those
reflected in the forward-looking statements. There is no assurance the private placement,
property option, change of board or reinstatement of trading referred to above will close on the
terms as stated, or at all. The Company disclaims any intention or obligation to revise or update
such statements.