Quantum Cobalt Corp. Announces Proposed 10 for 1 Share Consolidation
News Release
January 13, 2021
Quantum Cobalt Corp. Announces Proposed 10 for 1 Share Consolidation
Vancouver, British Columbia – Quantum Cobalt Corp . (CSE: BVQ; OTC: BRVVF; FRA: 23B)
(“Quantum” or the “Company” ) announces that it proposes to consolidate its common shares
(each, a “Share”) and share capital on the basis of ten (10) pre -consolidation for one (1) post -
consolidation Share (the “Consolidation”). In accordance with the company's articles,
shareholder approval will not be required for the proposed share consolidation. The proposed
share consolidation has been approved by the company's board of directors.
No fractional shares will be issued as a result of the share consolidation. Any fractional shares
resulting from the share consolidation will be r ounded down to the next whole common share,
and no cash consideration will be paid in respect of fractional shares.
Currently, a total of 60,425,190 Shares are issued and outstanding. Accordingly, if the
Consolidation is put into effect, a total of 6,042,519 shares would be issued and outstanding,
assuming there are no other changes in the issued capital of the Company.
The share consolidation is subject to CSE review and approval.
QUANTUM COBALT CORP.
“David Greenway”
_______________________
David Greenway, CEO and Director
Contact Information:
400-837 West Hastings Street
Vancouver, British Columbia
V6C 3N6
Tel.: 604.318.0114 / Fax: 1.888.241.5996
Forward-Looking Information This news release includes certain statements that may be deemed "forward -looking statements".
All statements in this release, other than statements of his torical facts, that address events or developments that Quantum Cobalt
Corp. (the "Company") expects to occur, are forward -looking statements. Forward -looking statements are stateme nts that are
not historical facts and are generally, but not always, iden tified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would ", "may",
"could" or "should" occur. Although the Company believes the ex pectations expressed in such forward -looking statements are
based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ
materially from those in the forward -looking statements. Factors that could cause the actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of
capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may differ materially from those projected in the
forward-looking statements. Forward -looking statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no
obligation to updat e these forward -looking statements in the event that management's beliefs , estimates or opinions, or other
factors, should change.