05:27:37 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Bonterra Resources Inc (2)
Symbol BTR
Shares Issued 397,498,708
Close 2018-11-01 C$ 0.315
Market Cap C$ 125,212,093
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Bonterra Resources completes share rollback

2018-11-01 18:53 ET - News Release

Mr. Nav Dhaliwal reports

BONTERRA RESOURCES COMPLETES SHARE CONSOLIDATION

Bonterra Resources Inc.'s common shares, at the market open on Tuesday, Nov. 6, 2018, will begin trading on a one-new-share-for-10-old-share consolidated basis. The company's trading symbol will not change.

There are currently 397,498,708 common shares issued and outstanding. Upon consolidation, there will be approximately 39,749,870 common shares issued and outstanding. The exact number of postconsolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the company are consolidated. The company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares resulting from the consolidation will be rounded down to the nearest whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly.

Registered shareholders will receive a letter of transmittal from the company's transfer agent, Computershare Trust Company, with instructions for exchanging their preconsolidated shares. Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name will not need to complete a letter of transmittal.

The board of directors approved the consolidation on Oct. 11, 2018.

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