iMetal Confirms Effective Date for Share Consolidation
iMetal Confirms Effective Date for Share
Consolidation
VANCOUVER, BC / ACCESSWIRE / January 11, 2022 / iMetal Resources, Inc.
(TSXV:IMR)(OTC PINK:ADTFF)(FRANKFURT:A7V2) ("iMetal" or the
"Company") announces that effective at the close of business on January 13, 2022, it
will consolidate its common share capital on a five-for-one basis (the "Consolidation").
Effective at the opening of markets on January 14, 2022, the common shares of the
Company will commence trading on a post-Consolidation basis under the existing ticker
symbol "IMR".
The Company currently has 51,730,372 common shares outstanding. Following
completion of the Consolidation, it is expected to have approximately 10,346,075 shares
outstanding.
No fractional shares will be issued in connection with the Consolidation. Shareholders
who would otherwise be entitled to receive a fraction of a common share will be
rounded to the nearest whole number of common shares and no cash consideration will
be paid in respect of fractional shares. Registered holders of common shares of the
Company will receive a letter of transmittal from Computershare Investor Services Inc.
with instructions on how to exchange existing share certificates for new post-
Consolidation share certificates.
About iMetal Resources Inc.
A Canadian based junior exploration company focused on the exploration and
development of its portfolio of resource properties in Ontario and Quebec. iMetal is
focused on advancing its Gowganda West Project that borders the Juby Project, an
advanced exploration-stage gold project located within the Shining Tree area in the
southern part of the Abitibi greenstone belt about 100 km south-southeast of the
Timmins gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS,
Saf Dhillon
President & CEO
iMetal Resources Inc.
Tel. (604-484-3031)
Suite 550, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.
https://imetalresources.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of historical fact, are to be
considered forward looking. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in forward-looking
statements include results of exploration, variations in results of mineralization,
relationships with local communities, market prices, continued availability of capital and
financing, and general economic, market or business conditions. There can be no
assurances that such statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not assume any obligation
to update any forward-looking statements except as required under the applicable laws.
SOURCE: iMetal Resources, Inc.