Power Americas Completes Share Consolidation
Power Americas Completes Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2017) -
Power Americas Minerals Corp. (TSXV: PAM) (OTC
Pink:
PWMRF
) (FSE:
VV0
)
(
"
Power Americas
"
or
the "
Company
"
)
announces that the TSX Venture Exchange ("TSXVE")
has approved a share consolidation of the Company's issued and outstanding common shares (the "Consolidation") at a ratio of
four (4) pre-consolidation shares to one (1) post-consolidation share (the "Conversion Ratio").
The Consolidation is expected to be effective at the open of market on Wednesday, September 27, 2017 (the "Effective Date").
The Company will not change its name as part of the Consolidation, but will issue new share certificates under the new CUSIP
number 739193209 (ISIN: CA7391932091).
No fractional shares will be issued in connection with the Consolidation. The
Company's common shares will continue to trade on the TSXV on a consolidated basis under its current symbol "PAM".
Power Americas currently has 95,216,000 common shares issued and outstanding. As of the Effective Date and after giving
effect to the Consolidation, the Company will have approximately 23,804,000 common shares issued and outstanding.
Registered shareholders will receive a letter of transmittal from Computershare, the Company's transfer agent, with information
on how to exchange their pre-Consolidation share certificates for post-Consolidation share certificates. Shares held in
uncertificated form by non-registered shareholders through brokerage accounts will be converted at the Conversion Ratio
through each shareholder's brokerage accounts. Non-registered shareholders should consult their broker for further information.
The proposed share consolidation is intended to better position the Company to raise the funds it requires to finance continuing
business activities and advance its mineral projects.
On behalf of the Board of Directors:
"Jeffrey Cocks
"
Jeffrey Cocks
President
For more information please contact:
Howard Milne,
V.P. Business Development
Tel: (604) 377-8994 Email:
Website:
www.poweramericascorp.com
Power Americas Minerals Corp. is a Canadian-based junior mining exploration company focused on the procurement,
exploration and development of cobalt, lithium,
copper
and other energy metals in North and South America. The
Company's shares are listed and posted for trading on the TSX Venture Exchange under the symbol "PAM" and on the
Frankfurt Exchange under the symbol "VV0"
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.