Aranjin Resources Completes Share Consolidation
Aranjin Resources Completes Share
Consolidation
Ulaanbaatar, Mongolia--(Newsfile Corp. - June 14, 2024) - Aranjin Resources Ltd. (TSXV: ARJN) (the
"Company" or "Aranjin Resources") is pleased to announce that it has completed the consolidation of
the issued and outstanding common shares (the "Common Shares") on the basis of 1 post-
consolidation Common Share
for every 40 pre-consolidation Common Shares for (the "Consolidation").
The Common Shares are expected to begin trading on a consolidated basis effective at the opening of
the market on June 17, 2024
under new CUSIP number 03853W200. The Company will not be changing
its name or trading symbol in connection with the Consolidation.
No fractional post-consolidation Common Shares will be issued upon the Consolidation. If as a result of
the Consolidation, a shareholder becomes entitled to a fractional post-consolidation Common Share,
such fraction will be rounded down to the nearest whole number.
Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not
be required to take any measures with respect to the Consolidation. The Company's transfer agent,
Odyssey Trust Company ("Odyssey"), has mailed a letter of transmittal to all registered shareholders of
the Company with certificated positions that will contain instructions for exchanging their pre-
consolidated Common Shares for post-Consolidated Common Shares. Registered shareholders will be
required to return their certificates representing pre-Consolidated Common Shares and a completed
letter of transmittal to Odyssey. Any registered shareholder who submits a duly completed letter of
transmittal to Odyssey along with the share certificate representing the pre-Consolidated Common
Shares, will receive in return a newly issued share certificate or a Direct Registration System
representing the post-Consolidated Common Shares.
The Company's outstanding warrants, options, and other convertible securities will be adjusted on the
same basis as the Consolidation with respect to the underlying Common Shares exercisable pursuant to
the warrants, options, and other convertible securities, with proportionate adjustments being made to
applicable exercise or conversion prices, as applicable.
On behalf of the Board
Matthew Wood
Chairman
Aranjin Resources Ltd.
+976 7732 1914
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.
Cautionary Statements
Certain information contained herein constitutes forward-looking information or statements under
applicable securities legislation and rules. Such statements include, but are not limited to, statements
with respect to the Australian Transaction, any approval thereof by the TSXV or by shareholders of the
Company, and any intended exploratory work or exploration targets of the Company on the Australian
Projects. Forward-looking statements are based on the opinions and estimates of management as of
the date such statements are made and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of Aranjin to be
materially different from those expressed or implied by such forward-looking statements. Although
management of Aranjin has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-
looking statements. Neither party will update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities laws.
The parties caution readers not to place undue reliance on these forward-looking statements and it does
not undertake any obligation to revise and disseminate forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
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https://www.newsfilecorp.com/release/212994