Kubera GOLD Announces Forward Stock Split
KUBERA GOLD ANNOUNCES FORWARD
STOCK SPLIT
VANCOUVER, BC
,
May 28, 2024
/CNW/
- Kubera Gold Corp.
(the "
Company
") (TSXV: KBRA) is
pleased to announce that its board of directors have approved a forward split of the Company's
common shares (the "
Common Shares
") on the basis of two (2) new Common Shares for each one
(1) Common Share currently outstanding (the "
Share Split
"), with an effective date of
May 31, 2024
.
Each shareholder of record of the Company as of the close of business on
May 31, 2024
(the
"
Record Date
") will receive one (1) additional share for each share held on such date.
The Company currently has 9,591,920 Common Shares issued and outstanding. Upon completion of
the Share Split, there will be 19,183,840 Common Shares issued and outstanding. The Company's
authorized share capital will remain unchanged. Outstanding stock options will also be adjusted by
the Share Split ratio and the exercise price of outstanding stock options will be adjusted accordingly.
The Share Split will be conducted on a push-out basis, therefore no action is required by
shareholders in connection with the Share Split. Existing direct registration statements ("
DRS
")
representing Common Shares of the Company will remain effective. They should be retained by
shareholders and should not be forwarded to the Company or Odyssey Trust Company
("
Odyssey
"), the Company's registrar and transfer agent. Odyssey will electronically issue the
appropriate number of Common Shares to CDS Clearing and Depository Services Inc. for
distribution to non-registered (beneficial) shareholders. Non-registered (beneficial) shareholders who
hold their Common Shares in an account with their investment dealer or other intermediary will have
their accounts automatically updated to reflect the Share Split in accordance with the applicable
brokerage account providers' usual procedures. In addition, on or about
June 4, 2024
, Odyssey will
email or mail DRS representing the additional Common Shares issued to registered shareholders as
a result of the Share Split.
There will be no change to the Company's name, CUSIP or its current trading symbol in connection
with the Share Split.
The purpose of the Share Split is to increase market liquidity of Kubera's Common Shares, and
provide opportunities for ownership of Kubera's Common Shares by a wider group of investors.
About the Company
Kubera Gold Corp. is a mineral exploration company engaged in the identification, acquisition, and
exploration of mineral projects. The Company holds an option to acquire a 100% interest in and to
the Dash Lake Project, which consists of mineral claims covering nearly 815 hectares approximately
90 km north of the town of
Fort Frances, Ontario
, in the Kenora Mining Division.
On Behalf of the Board of Directors of
Kubera Gold Corp.
Scott Ackerman
President, CEO, Corporate Secretary and Director
Neither 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 includes certain forward-looking statements and forward-looking information
(collectively, "forward-looking statements") within the meaning of applicable Canadian securities
legislation. All statements
concerning Kubera's plans, intentions and expectations, which are not
historical in nature, are intended to be, and are hereby identified as, "forward
looking statements".
Although the Company believes that such statements are reasonable, it can give no assurance that
such expectations will prove to be correct. Often, but not always, forward looking information can
be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of
such words including negative variations thereof, and phrases that refer to certain actions, events
or results that may, could, would, might or will occur or be taken or achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future
results, performance or achievements expressed or implied by the forward-looking statements.
Such risks and other factors include, among others, risk that the Company will not complete the
Company's option to acquire the Dash Lake Project, the proposed expenditures for exploration
work thereon, the ability of the Company to obtain sufficient financing to fund its business activities
and plans, delays in obtaining governmental and regulatory approvals (including of the TSX
Venture Exchange), permits or financing, changes in laws, regulations and policies affecting
mining operations, the Company's limited operating history, title disputes or claims, environmental
issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the
Prospectus and other filings of the Company with the Canadian Securities Authorities, copies of
which can be found under the Company's profile on the SEDAR+ website at
www.sedarplus.ca
.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update any of the forward-looking statements in this presentation or
incorporated by reference herein, except as otherwise required by law.
SOURCE
Kubera Gold Corp.
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For further information:
For more information, please contact the Company at 778-331-8505 or
email: [email protected] or [email protected]
CO: Kubera Gold Corp.
CNW 15:21e 28-MAY-24