SKRR Exploration Inc. Announces Consolidation
SKRR Exploration Inc. Announces
Consolidation
VANCOUVER, BC
,
Nov. 19, 2024
/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE:
B04Q) ("
SKRR
" or the "
Company
") announces a consolidation of its common shares (the
"
Consolidation
") on the basis of one (1) post-Consolidation common share for every four (4) pre-
Consolidation common shares. As of the date of this news release, the Company has 19,375,371
common shares issued and outstanding and the Company expects that it will have approximately
4,843,842 common shares issued and outstanding on a post-Consolidation basis. The number of
post-consolidated common shares to be received will be rounded up to the nearest whole number
for fractions of 0.5 or greater or rounded down to the nearest whole number for fractions of less
than 0.5, and each shareholder will hold the same percentage of common shares outstanding as
such shareholder held immediately prior to the Consolidation. The exercise price and number of the
common shares, issuable upon the exercise of outstanding options and warrants, will be
proportionally adjusted upon the implementation of the proposed Consolidation in accordance with
the terms thereof.
Pursuant to the provisions of the
Business Corporations Act
(
British Columbia
) and the Articles of
the Company, the Consolidation was approved by way of resolution passed by the board of
directors of the Company.
The Consolidation is subject to TSX Venture Exchange (the "
Exchange
") approval. The Company
anticipates that the consolidated shares will commence trading on a post-Consolidated basis on a
date to be determined in consultation with the Exchange, which date will be announced in a
subsequent news release once confirmed. The Company's name and trading symbol will remain
unchanged. The Company will issue a future news release announcing the effective date of the
Consolidation and its new CUSIP and ISIN numbers.
About SKRR Exploration Inc.
SKRR is a Canadian-based precious and base metal explorer with properties in
Saskatchewan
–
some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the
Trans-Hudson Corridor in
Saskatchewan
in search of world class uranium, precious, and base metal
deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been
significantly under-explored in
Saskatchewan
. SKRR is committed to all stakeholders including
shareholders, all its partners and the environment in which it operates.
ON BEHALF OF THE BOARD
Sherman Dahl
President & CEO
Tel: 250-558-8340
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.
Forward-Looking Information
This news release contains "forward–looking information or statements" within the meaning of
applicable securities laws, which may include, without limitation, statements relating to the proposed
Consolidation and the approval of the Exchange, statements relating to the technical, financial and
business prospects of the Company, its projects, its goals and other matters. All statements in this
news release, other than statements of historical facts, that address events or developments that
the Company expects to occur, are forward-looking statements. 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 may differ materially
from those in the forward-looking statements. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the environment in
which the Company will operate in the future, including the price of metals, the ability to achieve its
goals, the ability to secure equipment and personnel to carry out work programs, that general
business and economic conditions will not change in a material adverse manner, that financing will be
available if and when needed and on reasonable terms. Such forward-looking information reflects the
Company's views with respect to future events and is subject to risks, uncertainties and
assumptions, including the risks and uncertainties relating to the interpretation of exploration results,
risks related to the inherent uncertainty of exploration and cost estimates and the potential for
unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+
at
www.sedarplus.ca
. There is a possibility that future exploration, development or mining results will
not be consistent with the Company's expectations. Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market or business conditions, failure to
secure personnel and equipment for work programs, adverse weather and climate conditions, failure
to obtain or maintain all necessary government permits, approvals and authorizations, decrease in
the price of gold, copper, uranium and other metals, failure to obtain or maintain community
acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to
perform their contractual obligations. The Company does not undertake to update forward–looking
statements or forward–looking information, except as required by law.
SOURCE
SKRR Exploration Inc.
View original content:
http://www.newswire.ca/en/releases/archive/November2024/19/c2845.html
%SEDAR: 00027214E
For further information:
Sherman Dahl, President & CEO, Tel: 250-558-8340
CO: SKRR Exploration Inc.
CNW 05:00e 19-NOV-24